Select whether each of the independent statements is a major risk or not a major risk for the auditor regarding confirmation of receivables.

Select an option below O Major risk O Not a major risk Statement Risk AIO 1. The customer will respond only to the amount on the confirmation request rather than to prior purchases and payments. 2. The client may intercept the confirmation request before it is received by the customer. 3. A positive confirmation request will be lost in the mail and not received by the customer. 4. The client may provide an address for an associate, not the customer, who will respond to the confirmation request. 5. A fax received by the auditor in response to a confirmation request may not be legitimate. 6. The auditor may not be able to understand the response of the customer. AIO