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  3. Study Set
    Auditing and Assurance Services Study Set 1
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    Exam 16: Completing the Tests in the Sales and Collection Cycle: Accounts Receivable
  5. Question
    When a Customer Does Not Return an Accounts Receivable Confirmation
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When a Customer Does Not Return an Accounts Receivable Confirmation

Question 56

Question 56

True/False

When a customer does not return an accounts receivable confirmation, it is acceptable, without performing alternative procedures, to assume the amount is 100% overstated when generalizing from the sample to the population.

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