Order the following pieces of evidence based on their reliability from most to least reliable: (a) A
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(a) A memo prepared internally and sent from the audit client CFO to the audit client CEO.
(b) An oral communication with the same information as in (a) spoken to the auditor by the accounts receivable clerk.
(c) A confirmation about debt owed to the audit client provided in writing directly to the auditor from the outside third party.
(d) A copy of an invoice prepared inside the company, sent to a customer and then returned by the customer with a check as a remittance advice. Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...
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Correct order c A confirmation about debt owed to the audit client provided in writing directly to the auditor from the outside third party MOST RELIA...View the full answer
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Related Book For 
Auditing and Assurance Services Understanding the Integrated Audit
ISBN: 978-0471726340
1st edition
Authors: Karen L. Hooks
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