Alternative procedures to the confirmation of receivables include review of subsequent collections and examination of supporting documents.

Question

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These alternative procedures can be used to obtain sufficient appropriate audit evidence about the validity and completeness of receivables balances. Reviewing subsequent collections can confirm the existence and recoverability of receivables, while examining supporting documents such as invoices and contracts can provide verification of the accuracy of recorded amounts. However, these procedures may not always be as reliable or effective as confirmation of receivables from third-party sources.

Alternative Procedures to the Confirmation of Receivables Include Review of Subsequent