Auditors generally consider the evidence regarding accounts payable in the client's possession as more reliable than that for accounts receivable.

Question

Quizplus · Accepted Answer

Auditors find accounts payable evidence more reliable because it often involves third-party documentation, such as supplier invoices and statements, which are less likely to be manipulated by the client compared to accounts receivable, which are internally generated.

Auditors Generally Consider the Evidence Regarding Accounts Payable in the Client's