Multiple Choice
In response to an accounts receivable confirmation, a customer indicated that the invoice listed on the confirmation letter had been paid two months earlier. This may indicate that:
A) The receivable was selected for confirmation in error.
B) The customer is a bad credit risk.
C) The receivable should be written off.
D) Fraudulent activity has occurred.
Correct Answer:

Verified
Correct Answer:
Verified
Q249: Which of the following would be included
Q250: During an audit of a branch bank,
Q251: An internal auditor is reviewing purchases made
Q252: Which of the following statements is correct
Q253: When determining the nature, timing, and extent
Q255: The chief audit executive (CAE) notes during
Q256: According to IIA guidance, which of the
Q257: Which of the following is the most
Q258: According to the International Professional Practices Framework,
Q259: What is the primary reason for having