When would an auditor most likely use negative confirmation when auditing accounts receivable? Omany small balances, RMM is high, consideration by the customer is unlikely many small balances, RMM is low, consideration by the customer is likely a few large balances, RMM is high, consideration by the customer is unlikely many small balances, RMM is high, consideration by the customer is likely a few large balances, RMM is low, consideration by the customer is unlikely When auditing accounts receivable, an auditor is likely to review the aged accounts receivable trial balance with the credit manager. This step most closely relates to which management assertion? O cut-off classification valuation existence completeness Question 20 (3 points) Which of the following reasons is NOT a valid reason for an auditor to decide to not send accounts receivable confirmations? the client believes the customers will not return the confirmations, and asks the auditor to do alternative procedures instead the balance of accounts receivable is immaterial the auditor concludes that the use of confirmations would be ineffective RMM is low and other procedures can provide sufficient, appropriate evidence Confirmations of accounts receivable provide the most assurance for which of the following assertions? completeness and presentation existence and completeness accuracy and presentation completeness and accuracy existence and accuracy Which management assertion is an auditor likely to emphasize most when auditing the revenue and collection cycle? O presentation completeness classification authorization existence or occurrence