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alireads alireads
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2 years ago
The positive (as opposed to the negative) form of receivables confirmation may be preferred when

▸ internal control surrounding accounts receivable is considered to be effective.

▸ there is reason to believe that a substantial number of accounts may be in dispute.

▸ a large number of small balances are involved.

▸ the auditor believes that the recipients of the confirmations will give the requests adequate consideration.
Textbook 
Auditing and Assurance Services

Auditing and Assurance Services


Edition: 17th
Authors:
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meowkitty813meowkitty813
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2 years ago
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alireads Author
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2 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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Yesterday
Smart ... Thanks!
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2 hours ago
Thanks
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