Multiple Choice
The primary difference between positive and negative confirmations used in the audit of accounts receivable is which of the following?
A) The mode of response.
B) The amount of information included.
C) The control of the confirmation process by the auditor.
D) The method in which accounts are selected for confirmation.
Correct Answer:

Verified
Correct Answer:
Verified
Q88: When the auditor seeks evidence concerning the
Q89: An auditor would test controls over the
Q90: Auditors will examine significant sales returns immediately
Q91: Improper revenue recognition Historically the accounting profession
Q92: Accounts receivable confirmation letters should be prepared
Q94: An analysis of monthly sales compared with
Q95: The internal audit department at Monument Company
Q96: Calculating the turnover of receivables is often
Q97: An aging of accounts receivable is useful
Q98: The shipping department confirms the shipment of