In choosing to use blank positive confirmations,the auditor should consider what possible trade-off will occur?

Question

Quizplus · Accepted Answer

Blank positive confirmations may result in a higher detection rate, but at the cost of a lower response rate. This means that there may be more errors or misstatements detected, but the confirmation process will require more follow-up and may take longer to complete. Therefore, the primary trade-off with using blank positive confirmations is between detection rate and response rate, and option C is the best choice. Option A is incorrect because a higher response rate is not a typical trade-off associated with blank positive confirmations. Option B and D are incorrect because cost and benefit are not typically impacted by the choice to use blank positive confirmations.

In Choosing to Use Blank Positive Confirmations,the Auditor Should Consider