Which of the following is the best argument against the use of negative accounts receivable confirmations?
A) The cost-per-response is excessively high.
B) There is no way of knowing if the intended recipients received them.
C) Recipients are likely to feel that, in reality, the confirmation is a subtle request for payment.
D) The inference drawn from receiving no reply may not be correct.
Correct Answer:
Verified
Q23: Which is not a key segregation of
Q24: An auditor selects a sample from the
Q25: All of the following are important controls
Q26: An auditor's purpose in reviewing credit ratings
Q27: A CPA auditing an electric utility wishes
Q29: Which of the following control activities may
Q30: Auditors may use positive and/or negative forms
Q31: Alpha Company uses its sales invoices for
Q32: To determine whether the system of internal
Q33: Alpha Company uses its sales invoices for
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents