medium10 pts · first answer countsconfirmationsreceivables

No reply to a positive confirmation

A major customer does not reply to a positive receivables confirmation, even after a reminder. What should the auditor do next?

A.Perform alternative procedures, such as checking receipts after year end and vouching invoices to orders and dispatch documentsB.Treat the balance as confirmedC.Write off the balance in the audit fileD.Ask management to sign on behalf of the customer

Discussion 0

Join free to post in the discussion.

No reply to a positive confirmation

Discussion 0

Related questions