An auditor should perform alternative procedures to substantiate the existence of accounts receivable when
A) There is no response to a positive confirmation request.
B) There is no response to a negative confirmation request.
C) Collectability of the receivables is in doubt.
D) Pledging of the receivables is probable.
Correct Answer:
Verified
Q37: In which of the following circumstances is
Q52: In the audit of accounts receivable, the
Q53: A customer replies to a positive confirmation
Q53: An auditor confirms a representative number of
Q54: Which of the following audit procedures is
Q55: To gather evidence about transactions with related
Q56: The primary consideration when planning to confirm
Q60: An unrecorded cheque issued during the last
Q61: Define the response rate as it pertains
Q62: If it is impracticable to confirm accounts
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