Address the following questions about the confirmation of customers' accounts receivable. a. Why do confirmations not typically

Question:

Address the following questions about the confirmation of customers' 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 Under what condition would substantive testing of before the date be appropriate?

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... Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...