Which one of the following types of receivables would NOT deserve the special attention of the auditor?
A) Accounts where no reply was received to a negative confirmation request
B) Accounts with credit balances
C) Accounts that have been outstanding for a long time
D) Receivables from affiliated companies

Question

Quizplus · Accepted Answer

Negative confirmation requests assume that the recipient will respond only if they disagree with the stated account balance. Therefore, no reply is expected and does not necessarily indicate an issue, so these accounts do not require special attention from the auditor.

Which One of the Following Types of Receivables Would NOT