Confirmation of accounts receivable is generally not effective in addressing the existence of fictitious sales recorded by the client.

Name: Confirmation of accounts receivable is generally not effective in addressing the existence of fictitious sales recorded by the client.
Brand: Quizplus
Rating: 4.8 (41 reviews)

Question

Quizplus · Accepted Answer

Confirmation of accounts receivable is an audit procedure specifically designed to verify the existence and accuracy of accounts receivable balances, thus it is effective in identifying fictitious sales recorded by the client.

Confirmation of Accounts Receivable Is Generally Not Effective in Addressing