Multiple Choice
The following audit procedure tests primarily which balance-related audit objective for accounts receivable: confirm accounts receivable, using positive confirmations.
A) existence
B) completeness
C) classification
D) all of the above
Correct Answer:

Verified
Correct Answer:
Verified
Q30: The following audit procedure tests primarily which
Q31: Which one of the following types of
Q32: The auditor may consider it unnecessary to
Q33: When positive confirmations have been used, it
Q34: Cutoff misstatements exist when subsequent period transactions
Q36: You are reviewing sales to discover cutoff
Q37: When positive confirmations are used, ASA 505
Q38: Client business risks affecting accounts receivable are
Q39: If accounts receivable accounts with credit balances
Q40: Explain whether it is equally as important