When confirming accounting receivable, the auditor may use positive confirmations, negative confirmations, or a combination of both.
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When confirming accounting receivable, the auditor may use positive confirmations, negative confirmations, or a combination of both. Although the use of negative confirmations is less expensive than positive confirmations, negative confirmations are less reliable. Therefore, negative confirmations should be used only in certain circumstances. Discuss those circumstances.
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Related Book For
Integrated Audit Practice Case
ISBN: 9780912503356
5th Edition
Authors: David S. Kerr, Randal J. Elder, Alvin A. Arens
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