Multiple Choice
What is the advantage of using the negative form of confirmations?
A) Customer's silence proves that the balance is correct.
B) Larger sample sizes can be used without increasing the costs above what would have been required for positive confirmations.
C) It is appropriate in all circumstances.
D) Follow-up procedures are scheduled automatically.
Correct Answer:
Verified
Correct Answer:
Verified
Q63: Each auditee misstatement of accounts receivable must
Q64: Most tests of accounts receivable and the
Q65: Which of the audit objectives is performed
Q67: Explain two particular matters for the presentation
Q69: What is a common reported type of
Q70: The following audit procedure tests primarily which
Q71: It is easy to test for a
Q72: The most reliable evidence from confirmations is
Q73: Returns of positive confirmation requests for accounts
Q129: It is common to use a combination