An auditor who does not request confirmation of receivables should document in the working papers how he or she overcame the presumption that confirmations should be requested.
Correct Answer:
Verified
Q16: It is generally more effective to evaluate
Q17: Periodic bank reconciliations should be performed by
Q18: Delivery of goods or services is the
Q19: Virtually every company that requires an audit
Q20: Monitoring provides management with feedback as to
Q22: The possibility that an unusually heavy volume
Q23: The audit report should indicate each account
Q24: A review of the accounts receivable trial
Q25: When numerous exceptions are found, or insufficient
Q26: The blank form confirmation is a way
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