Question: Several accounts receivable confirmations have been returned with the notation verification of vendor statements is no longer possible because our data processing system does not
Several accounts receivable confirmations have been returned with the notation “verification of vendor statements is no longer possible because our data processing system does not accumulate each vendor’s invoices.”
Required:
What alternative auditing procedures could be used to audit these accounts receivable?
Required:
What alternative auditing procedures could be used to audit these accounts receivable?
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