QUESTION 14 Which of the following statements is correct: A Auditors should send negative confirmation to...

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QUESTION 14 Which of the following statements is correct: A Auditors should send negative confirmation to the client's customers if they believe the risk of material misstatement is high for accounts receivable. B Auditors can use observation of people's activities as the only source of audit evidence if it is performed in a discreet manner. OC. If the correspondent of a positive confirmation does not respond to an auditor's request, the auditor should perform follow-up procedures. D-Analytical procedures are only useful at the planning stage of the audit. E B and C QUESTION 14 Which of the following statements is correct: A Auditors should send negative confirmation to the client's customers if they believe the risk of material misstatement is high for accounts receivable. B Auditors can use observation of people's activities as the only source of audit evidence if it is performed in a discreet manner. OC. If the correspondent of a positive confirmation does not respond to an auditor's request, the auditor should perform follow-up procedures. D-Analytical procedures are only useful at the planning stage of the audit. E B and C

Answer rating: 100% (QA)

D Analytical procedures are only useful at the planing stage of the audit The purpose o... View the full answer