Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Q22 Auditors may use positive or negative forms of confirmation requests. An auditor most likely will use A. The positive form to confirm all balances
Q22
-
Auditors may use positive or negative forms of confirmation requests. An auditor most likely will use
A. The positive form to confirm all balances regardless of size.
B. The negative form for small balances.
C. A combination of the two forms, with the positive form used for trade balances and the negative form for other balances.
D. The positive form when the assessed risk of material misstatement is acceptably low and the negative form when it is unacceptably high.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started