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Dear sir
casting and agreeing the list of payables to the financial statements
will be used to confirm completeness …..right?
thanks
No. Casting and agreeing the payables list does not confirm completeness.
Completeness is the assertion which states that all payables have been recorded in the appropriate period and hence the accounts only contain those entries which should be there are the reporting date. The payables list by itself does not confirm completeness, you have to use this in conjunction with the unrecorded liabilities test.
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