When an audit team does not receive a response on a positive accounts receivable confirmation, auditors should
Question:
a. Send a second request.
b. Do nothing for immaterial balances.
c. Examine shipping documents.
d. Examine client correspondence files.
Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...
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a Incorrect A second request is the next action that should be performed b Correct Beca...View the full answer
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Related Book For 
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
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