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
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
Q24: In the audit of accounts receivable,negative confirmations
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
Q30: In the audit of accounts receivable,the positive
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