In the audit of accounts receivable,negative confirmations are not normally used if ________.
A) internal control is considered effective
B) there are a large number of small balances
C) customers can be expected to consider the confirmation properly
D) account balances are in dispute
Correct Answer:
Verified
Q19: Which of the following controls helps to
Q20: Upon receipt of customer cheques in the
Q21: Tracing a sample of recorded cash receipts
Q22: Which of the following procedures is an
Q23: If tests of controls revealed a significant
Q25: An auditor should perform alternative procedures to
Q26: In choosing to use blank positive confirmations,the
Q27: The most effective audit procedure for determining
Q28: To gather evidence about transactions with related
Q29: The bank confirmation provides the most evidence
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