Multiple Choice
When no response has been received after the second or third positive confirmation request to a customer, ________.
A) alternative procedures should ordinarily be performed
B) the auditor should assume that no news is good news
C) the auditor should simply confirm with the client instead
D) the auditor should make inquiries of the client's legal counsel
Correct Answer:
Verified
Correct Answer:
Verified
Q30: If a selling company changes the right
Q31: After evaluating inherent risk and control risk,
Q32: Segregation of duties _.<br>A)should always be considered
Q33: What is a credit memo?<br>A)A form stating
Q34: Recognizing revenues without shipping would lead to
Q36: What is a remittance advice?<br>A)A document prepared
Q37: Which of the following control activities are
Q38: Which of the following actions may lead
Q39: What risks are eliminated through the use
Q40: If discounts are given for early payment,