The Accounts Receivable-Confirmation Statistics working paper shown on the next page was prepared by an audit assistant

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The "Accounts Receivable-Confirmation Statistics" working paper shown on the next page was prepared by an audit assistant for the 2015 audit of Lewis County Water Company, Inc., a continuing audit client. The engagement supervisor is reviewing the working papers.

The

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Describe the deficiencies in the working paper that the engagement supervisor should discover. Assume that the accounts were selected for confirmation on the basis of a sample that was properly planned and documented on the working paper.
(AICPA, adapted)

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Auditing and Assurance Services A Systematic Approach

ISBN: 978-0077732509

10th edition

Authors: William Messier Jr, Steven Glover, Douglas Prawitt

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