The auditor wishes to employ negative confirmations as the sole substantive procedure over a number of well defined account receivable balances. The following conditions are all present: (1) The risk of material misstatement has been assessed as high (2) A very high exception rate is expected (3) The auditor is not aware of circumstances or conditions that would cause customers to disregard the requests. The use of negative confirmations would be appropriate given these facts as at (1) to (3) inclusive. True False