Question
Describe the procedure or procedures, if any, that Zimber should perform to resolve each of the nine confirmations (below) with exceptions that were returned
Describe the procedure or procedures, if any, that Zimber should perform to resolve each of the nine confirmations (below) with exceptions that were returned and, if possible, provide the audited value of the account. Assume that all amounts involved are considered material. Confirmation "5 The statement of our account showing a balance of $20,000 due Wellington Sales, Inc.. at December 31. 20XO, is correct except as noted below: Abbington co. By Alfred Martin Date: 1/160 <1 Exceptions: Yes, we ordered $20,000 worth of merchancfse from Wellington in November. However. we mailed Wellington a ched for TZWXO. Note to files: Blocker indicates that the check was received and deposited on 12Q8fXO, but posted to the wrorg customer's account
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