While Performing Interim Audit Procedures of Accounts Receivable, Numerous Unexpected

question 41

Multiple Choice

While performing interim audit procedures of accounts receivable, numerous unexpected errors are found resulting in a change of risk assessment. Which of the following audit responses would be most appropriate?

• A)Move detailed analytical procedures from year end to interim.
• B)Increase the dollar threshold of vouching customer invoices.
• C)Send negative accounts receivable confirmations instead of positive accounts receivable confirmations.
• D)Use more experienced audit team members to perform year-end testing.

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