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Auditors usually send confirmations to obtain evidence about accounts receivable and accounts payable. ...

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Accounting

Auditors usually send confirmations to obtain evidence about accounts receivable and accounts payable.

a. Is confirmation presumptively required for accounts receivable, accounts payable, or both?

b. Are accounts receivable requests, account payable requests, or both mailed by the auditors (as opposed to client personnel)?

c. Which assertion do confirmation results most directly address- existence or completeness?

Please provide explanation for the answers.

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