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Other Fields Homework Help Accounting Topic started by: shopaka12 on Aug 1, 2022



Title: The most reliable evidence from confirmations is obtained when they are sent
Post by: shopaka12 on Aug 1, 2022
The most reliable evidence from confirmations is obtained when they are sent

▸ as close to the balance sheet date as possible.

▸ at various times throughout the year to different segments of the sample, so that the entire sample is representative of account balances scattered throughout the year.

▸ several months before the year-end, so the auditor will have adequate time to perform alternate procedures if they are required.

▸ at various times throughout the year to the same group in the sample, so that the sample will not have a time bias.


Title: The most reliable evidence from confirmations is obtained when they are sent
Post by: hfrankos on Aug 1, 2022
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