It May NOT Necessary for an Auditor to Confirm Accounts

question 100

Multiple Choice

It may NOT necessary for an auditor to confirm accounts receivable when:

• A) the auditor considers confirmations ineffective evidence because response rates will likely be inadequate or unreliable.
• B) the combined level of inherent risk and control risk is low and other substantive evidence can be accumulated to provide sufficient evidence.
• C) accounts receivable are immaterial.
• D) any one of the above three is present.

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Definitions:

Gourmet Cold-press Coffee

High-quality coffee made using the cold press method, emphasizing unique flavors and premium beans for a distinguished tasting experience.

Customer Journey Map

A visual representation that outlines the steps a customer goes through when interacting with a company, from initial awareness to post-purchase.

TAM

Total Addressable Market, which refers to the overall revenue opportunity available for a product or service.

SAM

Usually refers to Serviceable Available Market, which is the portion of the market that can be captured or served by a company.