In confirming accounts receivable balances, the auditor finds overstatements caused by mistakes in billing customers which will then overstate both accounts receivable and sales.

Question

Quizplus · Accepted Answer

If there are mistakes in billing customers, it can lead to overstatements of both accounts receivable and sales, which will result in an overstatement of the overall financial position of the company.

In Confirming Accounts Receivable Balances, the Auditor Finds Overstatements Caused