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Can anyone help? According to your textbook, to minimize the risk of material misstatement, auditors seek third-party verification of account balances by mailing customers their
Can anyone help?
According to your textbook, to minimize the risk of material misstatement, auditors seek third-party verification of account balances by mailing customers their statements.
- Discuss the advantages of positive and negative confirmations, and ascertain whether or not email and oral confirmations are acceptable to increase customer response rates.
- Support your position.
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