In the confirmation of accounts receivable the auditor would most likely a. Require confirmation of all receivables
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In the confirmation of accounts receivable the auditor would most likely
a. Require confirmation of all receivables from agencies of the federal government.
b. Seek to obtain positive confirmations for at least 50 percent of the total dollar amount of the receivables.
c. Request confirmation of a sample of the inactive accounts.
d. Require that confirmation requests be sent within one month of the fiscal year end.
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Related Book For
Auditing Integrated Concepts And Procedures
ISBN: 9781260299397
5th Edition
Authors: Donald H. Taylor, G. William Glezen
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