If the Auditor Failed to Confirm Receivables When That Should

question 21

Multiple Choice

If the auditor failed to confirm receivables when that should have been done and it may be too late to confirm now,what should the auditor do?

• A)Issue an adverse opinion.
• B)Extend the previous work done on subsequent collections to help determine that the receivables existed and were properly valued at the balance sheet date.
• C)Automatically decide that the previously issued audit report cannot be supported in light of the omitted procedures.
• D)Issue a disclaimer of opinion.

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Definitions:

Eliciting

Provoking or inducing a response, reaction, or answer through specific actions or questions.

Activity List

A detailed inventory or enumeration of tasks, actions, or engagements that an individual plans to undertake or has completed.

Film Clip

A film clip is a short segment or extract from a movie or video, used often for promotional, instructional, or entertainment purposes.

Rumination

The compulsive focus on one's distress, and the circumstances surrounding it, without actively seeking solutions.