The auditing standards presume that the auditor will request confirmation of the accounts receivable balances unless
A) the balance in accounts receivable is immaterial
B) the use of confirmations would be effective if the amounts were significant
C) the auditor can reduce the risk of issuing an audit opinion to an acceptable low level without confirming accounts receivable
D) the client believes that confirmations are not necessary
Correct Answer:
Verified
Q58: Which of the following are key control
Q59: If the auditor determines that internal controls
Q60: An auditor often uses analytical procedures
A)to identify
Q61: How does the auditor gather evidence using
Q62: Early substantive testing of balances is only
Q64: After the auditor has completed the substantive
Q65: If the auditor uses positive confirmations and
Q66: How does the auditor gather evidence using
Q67: The auditor uses substantive tests of transactions
Q68: How does the auditor gather evidence using
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