Multiple Choice
When an audit team does not receive a response on a positive accounts receivable confirmation,auditors should do all of the following except
A) Send a second request.
B) Do nothing for immaterial balances.
C) Examine shipping documents.
D) Examine client correspondence files.
Correct Answer:
Verified
Correct Answer:
Verified
Q3: Auditors sometimes use comparisons of ratios as
Q9: Cash receipts from sales on account have
Q42: When auditing the revenue and collection cycle,auditors
Q44: When an audit team traces a sample
Q45: The aging information for accounts receivable is
Q46: An auditor noted that client sales had
Q48: When obtaining evidence about accounts receivable,auditors must
Q50: The auditor selects a sample of recorded
Q51: _ of accounts receivable records implies the
Q90: Which of the following internal control activities