When an Audit Team Does Not Receive a Response on a Positive

question 40

Multiple Choice

When an audit team does not receive a response on a positive accounts receivable confirmation, auditors should do all of the following except:

• A)send a second request.
• B)do nothing for immaterial balances.
• C)examine shipping documents.
• D)examine client correspondence files.

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Definitions:

Phobic Disorder

A type of anxiety disorder characterized by an irrational and excessive fear of an object, situation, or activity that poses little to no actual danger.

Obsessive-Compulsive Disorder

A mental disorder characterized by intrusive thoughts (obsessions) that produce uneasiness, apprehension, fear, or worry; and repetitive behaviors (compulsions) aimed at reducing the associated anxiety.

Panic Disorder

A psychiatric disorder characterized by recurring panic attacks and ongoing fear of a panic attack occurring.

Prevalence

A measure of how common a particular condition or behavior is within a population over a specific period.