When sending positive confirmations, which of the following would not be an appropriate way to address nonresponse

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When sending positive confirmations, which of the following would not be an appropriate way to address nonresponse by a customer?

a. Search for evidence of subsequent cash receipt from the customer.

b. Match open invoices to underlying bills of lading and customer orders.

c. If the customer’s account balance is individually immaterial, conclude that no further work or analysis is necessary.

d. Assume that the nonresponse is 100% in error and project the misstatement on the population.

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Related Book For answer-question

Auditing A Practical Approach with Data Analytics

ISBN: 978-1119401742

1st edition

Authors: Raymond N. Johnson, Laura Davis Wiley, Robyn Moroney, Fiona Campbell, Jane Hamilton

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Question Posted: Jan 01, 2020 04:54 AM

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When sending positive confirmations, which of the following would not be an appropriate way to address nonresponse

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c If the customers acco...View the full answer

Auditing A Practical Approach with Data Analytics

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