Assume you are the partner in charge of the 2012 audit of Bashir Corporation, a private company. The audit report has not yet been prepared. In each independent situation following, indicate the appropriate action to be taken.
-You were unable to confirm accounts receivable with Bashir's customers. However, because of detailed sales and cash receipts records, you were able to perform reliable alternative audit procedures.

Question

Quizplus · Accepted Answer

When alternative audit procedures are reliable and can compensate for the inability to confirm accounts receivable directly, issuing a standard unmodified audit report is appropriate because the auditor was able to obtain sufficient appropriate audit evidence regarding the accounts receivable balance.

Assume You Are the Partner in Charge of the 2012