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3-32 Your regular annual audit of Palisade, Inc included confirmation of accounts receivable. You decided to use the positive confirmation request form. Satisfactory responses were
3-32 Your regular annual audit of Palisade, Inc included confirmation of accounts receivable. You decided to use the positive confirmation request form. Satisfactory responses were received from all except for a large account. You sent a second and third requests to this client, but no received responses. At this point, an employee of the client's company informs him that he had received a check for the full amount of the account receivable. Would you consider this as an arrangement satisfactory of the matter? Explain
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