Question: Distinguish between a positive and a negative confirmation and state the circumstances in which each should be used. Why do CPA firms sometimes use a

Distinguish between a positive and a negative confirmation and state the circumstances in which each should be used. Why do CPA firms sometimes use a combination of positive and negative confirmations on the same audit?

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There are two common types of confirmations used for confirming accounts receivable Positive confirmations Negative confirmations A positive confirmat... View full answer

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