Multiple Choice
It is sometimes impossible for the auditors to use normal accounts receivable confirmation procedures.In such situations,the best alternative procedure the auditors might resort to would be:
A) Examining subsequent receipts of year-end accounts receivable.
B) Reviewing accounts receivable aging schedules prepared at the balance sheet date and at a subsequent date.
C) Requesting that management increase the allowance for uncollectible accounts by an amount equal to some percentage of the balance in those accounts that cannot be confirmed.
D) Applying analytical procedures to accounts receivable and sales on a year-to-year basis.
Correct Answer:

Verified
Correct Answer:
Verified
Q42: Your client performed the physical count of
Q43: After the CPAs have selected particular accounts
Q44: When it is impossible to confirm accounts
Q45: Material accounts receivable from related parties should
Q46: Confirmation of accounts receivable by direct communication
Q48: The individual looking for guidance on revenue
Q49: Cutoff tests designed to detect credit sales
Q50: To test the existence assertion for recorded
Q51: Auditors may use positive and/or negative forms
Q52: Which of the following is <b>not</b> true