In determining the adequacy of the allowance for uncollectible accounts,the least valuable evidence would be obtained from
A) An aging schedule of past due accounts that the auditor has tested.
B) Correspondence with the client's collection agency.
C) Financial statements of individual customers.
D) No reply to negative confirmations.

Question

Quizplus · Accepted Answer

Negative confirmations provide the least valuable evidence because they rely on the absence of a response to indicate agreement, which is less reliable than other forms of evidence.

In Determining the Adequacy of the Allowance for Uncollectible Accounts,the