During the confirmation of accounts receivable, an auditor receives a confirmation via the clients fax machine. Which

Question:

During the confirmation of accounts receivable, an auditor receives a confirmation via the client’s fax machine. Which of the following actions should the auditor take?
a. Not accept the confirmation and select another customer’s balance to confirm.
b. Not accept the confirmation and treat it as an exception.
c. Accept the confirmation and file it in the working papers.
d. Accept the confirmation but verify the source and content through a telephone call to the respondent.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Auditing and Assurance Services

ISBN: 978-0077862343

6th edition

Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws

Question Posted: