According to the text, to minimize the risk of material misstatement, auditors seek third- party verification of

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According to the text, to minimize the risk of material misstatement, auditors seek third- party verification of account balances by mailing customers their statements.
Discuss the advantages of positive and negative confirmations, and ascertain whether or not email and oral confirmations are acceptable to increase customer response rates. Support your position.
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Auditing a risk based approach to conducting a quality audit

ISBN: 978-1133939153

9th edition

Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg

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