Which of the following audit procedures can be used as a substitute for confirmations not returned?
A) Subsequent account activity.
B) Subsequent account adjustments.
C) Subsequent payments.
D) All of the above.

Question

Quizplus · Accepted Answer

Subsequent payments can be used to verify the existence and accuracy of receivables when confirmations are not returned, as they provide evidence that the customer acknowledges the debt by making a payment.

Which of the Following Audit Procedures Can Be Used as a Substitute