Question
Q4 When a customer fails to reply to a confirmation and the auditor is unable to obtain other evidence about the existence of the receivable,
Q4 When a customer fails to reply to a confirmation and the auditor is unable to obtain other evidence about the existence of the receivable, _______.
| A. the auditor must conclude that these balances are 100% misstatements and project the misstatements on the remaining portion of the population | ||
| B. the auditor must conclude that these balances are 50% misstatements and project the misstatements on the remaining portion of the population | ||
| C. the auditor must conclude that these balances are 100% misstatements and project the misstatements on the remaining portion of the sample | ||
| D. the auditor should notify management of the auditor's intention to withdraw from the engagement |
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Cost Accounting
Authors: Mark Lee Inman
2nd Edition
0434908320, 978-0434908325
