What are four reasons why accounts receivable confirmations may not provide reliable evidence?
Question:
What are four reasons why accounts receivable confirmations may not provide reliable evidence?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (2 reviews)
Accounts receivable confirmations also known as accounts receivable confirmatory procedures or accounts receivable circularization are used by auditor...View the full answer
Answered By
Arshad Ahmad
Well, I am really new to tutoring but I truly believe a good student can be a better teacher. I have always been a topper at school. I passed my Chartered Accountancy at a very young age of 23, a rare feat for most of the students. I am really dedicated to whatever work I do and I am very strict regarding deadlines. i am always committed and dedicated to whatever work allotted to me and I make sure it is completed well within deadline and also I try to give my best in whatever I do. Hope we will have a good time studying together.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Auditing A Practical Approach
ISBN: 9781118878415
1st Extended Canadian Edition
Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton, Valerie Warren
Question Posted:
Students also viewed these Business questions
-
Confirmations of accounts receivable play an important role in the accumulation of sufficient, appropriate audit evidence. One of the principal strengths of confirmations is that they provide...
-
The U.S. Court of Appeals for the Fourth Circuit affirmed the lower court ruling in the case Public Employees Retirement Association of Colorado; Generic Trading of Philadelphia, LLC v. Deloitte...
-
In the ZZZZ Best case, explain the kinds of evidence that the auditors gathered and how the auditors failed. just write one or two paragraph to support ZZZZ Best Case On May 19, 1987, a short article...
-
A guitar string has an overall length of 1.25 m and a total mass of 40 g (0.04 kg) before it is strung on the guitar. Once on the guitar, however, there is a distance of 64 cm between its fixed end...
-
How does the price system serve as a rationing mechanism?
-
Describe six stages in the product development process.
-
A salespersons past and present performances affect his or her expectations for future performance. After experiencing several failures, many new salespeople quit their sales job within a few months...
-
Audra Dodge, CPA, is performing an attributes sampling plan for her audit of Truck Company. In her audit of cash disbursements, she has identified preparing a voucher and marking it as paid prior to...
-
at the beginning of the year addisons companys assests are 1 5 8 0 0 0 and its equity is 1 1 8 5 0 0 . during the year assets increase 8 0 0 0 0 and liabilities increase 4 8 0 0 0 . what is the...
-
In a credit sales organization, the best place to assign credit approval is in: (a) accounts receivable. (b) the sales department. (c) the cashier area where receipts will eventually be sent. (d) a...
-
What is the purpose of sales cut-off testing?
-
Describe your own criteria for computer software to be considered intelligent.
-
SWOT Analysis Tool A SWOT analysis will help you identify internal and external factors in the environment that can help with the development of your CoP's goals and objectives. Complete the SWOT...
-
Staffing is a management function devoted to acquiring, training, appraising, and compensating employees. It s also a procurement of required personnel to fill up various positions in the...
-
How could you utilize Lean and Six Sigma to improve quality? What would be your approach to establish engagement/interest.
-
Jules Austin wants to hire new customer service representatives. She is considering using a measure of Emotional Intelligence(El) to help select her new employees. Explain what El is and how it could...
-
health and safety should be managed for moral, financial and legal reasons. what is unacceptable about the moral management of health and safety in the warehouse? note: you should support your...
-
Lago Corporation is considering adopting the standard costing method. Dan Sarkis, the manager of the Ohio Division, attended a corporate meeting at which Leah Rohr, the controller, discussed the...
-
Apply Jacobis method to the given system. Take the zero vector as the initial approximation and work with four-significant-digit accuracy until two successive iterates agree within 0.001 in each...
-
The results of substantive testing of sales invoices at City Electronics are shown in table 6.8. The three strata correspond to different departments and the overall tolerable error is set at...
-
The controls at a retail store were assessed by the lead auditor as being effective and the auditor intended to rely on the operative effectiveness of controls around payroll in determining the...
-
The controls at a retail store were assessed by the lead auditor as being effective and the auditor intended to rely on the operative effectiveness of controls around payroll in determining the...
-
Provide an overview of two red flags that can be found in a company's financial statements. Include a discussion of the longer-term implications of the difficulties.
-
1. Develop a clear profile of your typical customer by describing them in relevant demographic terms including: age, gender, income, marital status, education, religion, profession, and geographic...
-
Provide an overview of two financial trends over time that can cause detrimental effects on the survival of a company. Explain how to spot the problems and what can be done to mitigate them.
Study smarter with the SolutionInn App