Question

Address the following questions about the confirmation of customers' accounts receivable.
a. Why do confirmations not typically provide reliable evidence about the completeness assertion?
b. What is a confirmation exception, and why is it important to investigate a confirmation exception?
c. When should an auditor perform alternative procedures to substantiate the existence of accounts receivable?
d. Under what condition would substantive testing of accounts receivable before the balance sheet date be appropriate?



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  • CreatedSeptember 22, 2014
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