Multiple Choice
When an audit team does not receive a response on a positive accounts receivable confirmation, auditors should do all of the following except:
A) send a second request.
B) do nothing for immaterial balances.
C) examine shipping documents.
D) examine client correspondence files.
Correct Answer:
Verified
Correct Answer:
Verified
Q35: Which of the following questions included in
Q36: Is the confirmation of cash and accounts
Q37: The file that contains sales transactions that
Q38: The assertion that auditors will probably emphasize
Q39: Write-offs of doubtful accounts should be approved
Q41: While performing interim audit procedures of accounts
Q42: Information about the internal control system can
Q43: In the revenue and collection cycle, the
Q44: A customer reply on a positive confirmation
Q45: In evaluating the adequacy of the allowance