When confirming accounting receivable, the auditor may use positive confirmations, negative confirmations, or a combination of both.

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When confirming accounting receivable, the auditor may use positive confirmations, negative confirmations, or a combination of both. Although the use of negative confirmations is less expensive than positive confirmations, negative confirmations are less reliable. Therefore, negative confirmations should be used only in certain circumstances. Discuss those circumstances.

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Integrated Audit Practice Case

ISBN: 9780912503356

5th Edition

Authors: David S. Kerr, Randal J. Elder, Alvin A. Arens

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