Which of the following procedures relating to the examination of accounts payable could the auditor delegate entirely to the entity's employees?
A. Reconcile unpaid invoices to vendors' statements.
B. Prepare a schedule/listing of accounts payable.
C. Mail confirmations for selected account balances.
D. Test footings in the accounts payable ledger.
Answer: B
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a. Subsequent event review. b. Engagement quality review. c. Disclosure of all contingent liabilities. d. Seven year client rotation.
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What will be an ideal response?
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