Multiple Choice
To reduce the risks associated with accepting fax responses to requests for confirmations of accounts receivable, an auditor most likely would:
A) Examine the shipping documents that provide evidence for the existence assertion.
B) Verify the sources and contents of the faxes in telephone calls to the senders.
C) Consider the faxes to be nonresponses and evaluate them as unadjusted differences.
D) Inspect the faxes for forgeries or alterations and consider them to be acceptable if none are noted.
Correct Answer:

Verified
Correct Answer:
Verified
Q46: Which of the following procedures would an
Q673: Which of the following matters is an
Q674: Auditor confirmation of accounts payable balances at
Q675: An accountant who had begun an audit
Q676: An auditor ordinarily sends a standard confirmation
Q678: At December 30, 20X3, Vida Co. had
Q679: This question will represent a statement, question,
Q680: An auditor established a $60,000 tolerable misstatement
Q681: Before applying principal substantive tests to the
Q682: For effective internal control purposes, the vouchers