The primary consideration when planning to confirm accounts receivable before the balance sheet date is the ________.

Question

Quizplus · Accepted Answer

The client's internal control over transactions affecting receivables is the primary consideration when planning to confirm accounts receivable before the balance sheet date. This is because strong internal controls can reduce the risk of errors or fraud in the accounts, making confirmation procedures more effective. The type of confirmation to be used, availability of staff auditors, and number of customer accounts are also important factors, but they are secondary considerations in comparison to the strength of the client's internal controls.

The Primary Consideration When Planning to Confirm Accounts Receivable Before