In confirming a client's accounts receivable in prior years, an auditor discovered many differences between recorded account
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Question:
In confirming a client's accounts receivable in prior years, an auditor discovered many differences between recorded account balances and confirmation replies. These differences were resolved and were not misstatements. In defining the sampling unit for the current year's audit, the auditor most likely would choose:
a. individual invoices.
b. individual overdue balances.
c. customers with credit balances.
d. small account balances.
Related Book For
Auditing and Assurance services an integrated approach
ISBN: 978-0132575959
14th Edition
Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley
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