The Accounts Receivable Confirmation Statistics working paper shown on
The “ Accounts Receivable— Confirmation Statistics” working paper shown on the next page was prepared by an audit assistant for the 2013 audit of Lewis County Water Company, Inc., a continuing audit client. The engagement supervisor is reviewing the working papers.

Describe the deficiencies in the working paper that the engagement supervisor should discover. Assume that the accounts were selected for confirmation on the basis of a sample that was properly planned and documented on the working paper.

Membership TRY NOW
  • Access to 800,000+ Textbook Solutions
  • Ask any question from 24/7 available
  • Live Video Consultation with Tutors
  • 50,000+ Answers by Tutors
Relevant Tutors available to help