Question: This question relates to auditing and more specifically dealing with accounts receivables. Many differences identified on positive confirmation are timing differences, rather than misstatements. Explain

This question relates to auditing and more specifically dealing with accounts receivables.

Many differences identified on positive confirmation are timing differences, rather than misstatements. Explain the nature of a timing difference and give examples of common timing differences. For the question, describe/define timing differences and then describe in detail 1 specific timing difference related to accounts receivable.

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