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Question 1 A There are FOUR types of account receivables confirmation requests. Explain the following: i. Positive confirmation request it. Negative confirmation request. (4 marks)
Question 1 A There are FOUR types of account receivables confirmation requests. Explain the following: i. Positive confirmation request it. Negative confirmation request. (4 marks) B. List FOUR (4) alternative procedures an auditor can perform to test the existence objective for accounts receivable when customers do not respond to positive confirmation requests after sending multiple reminder letter. (4 marks) C Explain the purpose of sales transaction file (2 marks) D. List THREE (3) circumstances that allow auditor to confirm accounts receivable before balance sheet date. (3 marks) [Total: 13 Marks]
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