What is the advantage of using the negative form of confirmations?
A) Customer's silence proves that the balance is correct.
B) Larger sample sizes can be used without increasing the costs above what would have been required for positive confirmations.
C) It is appropriate in all circumstances.
D) Follow-up procedures are scheduled automatically.
Correct Answer:
Verified
Q47: The use of the positive (as opposed
Q48: _ to positive confirmations do NOT provide
Q49: The following audit procedure tests primarily which
Q50: After items to be confirmed have been
Q51: When positive confirmations have been used, it
Q53: When the confirmation requests are returned by
Q54: Each auditee misstatement of accounts receivable must
Q55: A positive confirmation is more reliable evidence
Q56: The following audit procedure tests primarily which
Q57: The most reliable evidence from confirmations is
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