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An Auditor Has Sent Out Positive Confirmations to a Sample

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Essay

An auditor has sent out positive confirmations to a sample of accounts receivables customers.For confirmations that have not been returned, what should the auditor do to obtain assurance on these accounts?


Definitions:

Expatriate Managers

Individuals who are temporarily transferred to manage an organization’s operations in a foreign country.

Knowledge Contract

An agreement or understanding, often informal, that dictates the sharing, use, and creation of knowledge within an organization, shaping its culture and knowledge management practices.

Licensing

Involves one company granting its permission to another company in a foreign country to manufacture or market its products in its local market.

Royalty Payments

Financial payments made to copyright or patent holders, or to the authors of works based on the sales or usage of their creations.

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