Multiple Choice
It may NOT be necessary for an auditor to confirm accounts receivable when:
A) accounts receivable are immaterial.
B) the auditor considers confirmations ineffective evidence because response rates will likely be inadequate or unreliable.
C) the combined level of inherent risk and control risk is low and other substantive evidence can be accumulated to provide sufficient evidence.
D) all of the above
Correct Answer:
Verified
Correct Answer:
Verified
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