Multiple Choice
Communication addressed to the debtor requesting him or her to confirm whether the balance as stated on the communication is correct or incorrect is a
A) representation letter.
B) negative confirmation.
C) bank confirmation.
D) positive confirmation.
Correct Answer:
Verified
Correct Answer:
Verified
Q41: The most reliable evidence from confirmations is
Q42: Confirmation of accounts receivable balances normally provides
Q43: The most effective audit evidence gathered for
Q44: When an auditor uses negative confirmations, several
Q45: If auditors consider confirmations of accounts receivable
Q47: A procedure to test for a cash
Q48: If the auditor decides not to confirm
Q49: Confirmation of accounts receivable provides evidence related
Q50: Which of the following types of receivables
Q51: Auditors perform both planning and substantive analytical