Question: When an audit team does not receive a response on a positive accounts receivable confirmation, auditors should do all of the following except a. Send

When an audit team does not receive a response on a positive accounts receivable confirmation, auditors should do all of the following except
a. Send a second request.
b. Do nothing for immaterial balances.
c. Examine shipping documents.
d. Examine client correspondence files.

Step by Step Solution

3.35 Rating (164 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

a Incorrect A second request is the next action that should be performed b Correct Beca... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

332-B-A-A-A-N (1936).docx

120 KBs Word File

Students Have Also Explored These Related Auditing Questions!