When no reply to a positive confirmation is received, the auditor:
A) examines subsequent cash receipts.
B) treats the non-response as a misstatement.
C) examines duplicate sales invoices.
D) both A and C
Correct Answer:
Verified
Q38: Communication addressed to the debtor requesting confirmation
Q39: The understatement of sales and accounts receivable
Q40: The auditor learns that collections of accounts
Q41: It may NOT be necessary for an
Q42: When positive confirmations are used, ASA 505
Q44: A customer mails and records a cheque
Q45: Which one of the following circumstances would
Q46: The auditor should evaluate the qualitative nature
Q47: The use of the positive (as opposed
Q48: _ to positive confirmations do NOT provide
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