True/False
Current auditing standards do not require the confirmation of receivables if accounts receivable are not material.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q97: An aging of accounts receivable is useful
Q98: The shipping department confirms the shipment of
Q99: A consistent pattern of earnings growth would
Q100: An auditor might test the reasonableness of
Q101: Monthly statements provide a detailed list of
Q103: According to auditing standards,accounts receivable confirmations are
Q104: An auditor's primary concern with identifying related
Q105: A key indicator of fraud in the
Q106: The auditor of the revenue cycle of
Q107: Completeness of revenues may be tested by