The confirmation of accounts receivable is most closely associated with:
A)Business risk.
B)Detection risk.
C)Inherent risk.
D)Relative risk.

Name: The confirmation of accounts receivable is most closely associated with: A)Business risk. B)Detection risk. C)Inherent risk. D)Relative risk.
Brand: Quizplus
Rating: 5.0 (36 reviews)

Question

Quizplus · Accepted Answer

Confirmation of accounts receivable is a substantive audit procedure aimed at reducing detection risk, which is the risk that the auditor will not detect a material misstatement that exists in an assertion.

The Confirmation of Accounts Receivable Is Most Closely Associated With