An auditor confirms a representative number of open accounts receivable as of December 31 and investigates exceptions and comments noted by respondents.By this procedure,the auditor is most likely to learn of which of the following?

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Confirming accounts receivable primarily helps in identifying discrepancies in the records, such as unrecorded payments or errors. Lapping, which involves manipulating accounts to cover embezzlement, is likely to be detected through confirmation discrepancies. Other options involve activities that wouldn't directly affect the balances or existence of receivables confirmed with customers.

An Auditor Confirms a Representative Number of Open Accounts Receivable