Your regular annual audit of Palisades, Inc., included the confirmation of accounts receivable. You decided to use

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Your regular annual audit of Palisades, Inc., included the confirmation of accounts receivable. You decided to use the positive form of confirmation request. Satisfactory replies were received from all but one of the large accounts. You sent a second and third request to this customer, but received no reply. At this point an employee of the client company informed you that a check had been received for the full amount of the receivable. Would you regard this as a satisfactory disposition of the matter? Explain.

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