belongs to book: AUDITING & ASSURANCE SERVICES | A Systematic Approach|William F.Messier, Steven M.Glover, Douglas F. Prawitt|10th Edition| Chapter number:11| Question number:11.14
Identify four possible disclosure issues related to the purchasing process and related accounts.
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- Payables by type (trade, officers, employee, affiliate, etc.).
- Short- and long-term payables.
- Long-term purchase contracts, including any unusual or adverse purchase commitments.
- Purchases from and payables to related parties.
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