When scheduling the audit work to be performed on an engagement,the auditors should consider confirming accounts receivable balances at an interim date if:
A)Subsequent collections are to be reviewed.
B)Internal control over receivables is good.
C)Negative confirmation requests are to be used.
D)There is a simultaneous examination of cash and accounts receivable.

Question

Quizplus · Accepted Answer

If internal control over receivables is good, auditors may choose to confirm accounts receivable balances at an interim date because they can rely on the controls to ensure that the balances remain accurate until the end of the period.

When Scheduling the Audit Work to Be Performed on an Engagement,the