Which of the following is NOT true in relation to supplier statements and supplier statement reconciliations?
A.
All suppliers will issue supplier statements therefore this procedure can be used for every client
B.
There is an increased risk of overstatement in trade payables if supplier statement reconciliations are not performed
C.
Misstatements in the purchase accrual balance may go undetected if supplier statement reconciliations are not performed
D.
Supplier statements provide third party evidence which is more reliable than the client's payables ledger