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As the partner in charge of the audit of a large department store, in New York City, you are trying to confirm the Accounts Receivable
As the partner in charge of the audit of a large department store, in New York City, you are trying to confirm the Accounts Receivable balance ($38,000,000) on the December 31,2018 balance sheet. The store has about 1,300,000 charge customers. Required: A What steps would you take? B. Would you employ a positive or a negative confirmation system? Explain. f you cannot receive a response from a large group in your sample, describe the alternate procedures that you would undertake to verify the accounts. Correct answers without detailed explanation will be marked 0
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