In the confirmation of accounts receivable the auditor would most likely a. Require confirmation of all receivables

Question:

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.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Auditing Integrated Concepts And Procedures

ISBN: 9781260299397

5th Edition

Authors: Donald H. Taylor, G. William Glezen

Question Posted: