According to auditing standards,accounts receivable confirmations are required to be used in which of the following situations?
A)On every audit engagement.
B)If the client agrees in writing to the procedure.
C)If the accounts receivable balance is material.
D)If environmental risk is low.

Question

Quizplus · Accepted Answer

Accounts receivable confirmations are only required when the accounts receivable balance is material. The other options are not relevant to the requirement for confirmation procedures.

According to Auditing Standards,accounts Receivable Confirmations Are Required to Be