Why might the auditor choose to NOT confirm accounts receivable?
Answer to relevant QuestionsHow is the population from which a sample is selected for confirmation of accounts payable different from that used for confirmation of accounts receivable?What types of audit reports are issued for financial statement audits? Are all of those types of reports likely to be issued for audits of public companies? If not, which ones are not likely used and why?What are the two types of subsequent events that affect a financial statement audit? What subsequent events affect an ICFR audit? How does each of these impact the audit findings?What is an engagement quality review of an audit, and why is it performed?How does encumbering funds help keep a government entity’s spending within its budget?
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