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When scheduling the audit work to be performed on an engagement, the auditor should consider confirming accounts receivable balances at an interim date if A.
When scheduling the audit work to be performed on an engagement, the auditor should consider confirming accounts receivable balances at an interim date if | |
A. | There is a simultaneous audit of cash and accounts receivable. |
B. | The risk of material misstatement relative to financial statement assertions about receivables is acceptably low. |
C. | Subsequent collections are to be reviewed. |
D. | Negative confirmations are to be used. |
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