32 Which of the following statements regarding the confirmation of accounts payable is true? Group of answer choices The confirmation of accounts payable must be done exclusively by the internal audit...

Which of the following statements regarding the confirmation of accounts payable is true?

Group of answer choices

The confirmation of accounts payable must be done exclusively by the internal audit staff.

The confirmation of accounts payable is an important method of establishing the existence of unrecorded accounts payable.

The confirmation of accounts payable contributes little or nothing in determining unrecorded accounts payable exist.

The confirmation of accounts payable must be done exclusively by the independent auditor.

Jun 10, 2022

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