A customer confirmed its balance by fax. Which of the following would not reduce the risk associated
Question:
A customer confirmed its balance by fax. Which of the following would not reduce the risk associated with the response?
a. Consider the fax response to be an exception.
b. Examine subsequent collections of the account.
c. Request the customer to mail the original confirmation to the auditor.
d. Consider the fax to be an acceptable confirmation response.
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Related Book For 
Auditing Concepts For A Changing Environment
ISBN: 9781284249286
5th Edition
Authors: Larry E. Rittenberg, Bradley J. Schwieger
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