Which of the Following Strategies Most Likely Could Improve the Response

question 207

Multiple Choice

Which of the following strategies most likely could improve the response rate of the confirmation of accounts receivable?

• A) Including a list of items or invoices that constitute the account balance.
• B) Restricting the selection of accounts to be confirmed to those customers with relatively large balances.
• C) Requesting customers to respond to the confirmation requests directly to the auditor by fax or e-mail.
• D) Notifying the recipients that second requests will be mailed if they fail to respond in a timely manner.

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Definitions:

GDP

Gross Domestic Product is the cumulative market or monetary value of all completed goods and services generated inside a country's boundaries over a certain timeframe.

GDP

Gross Domestic Product, the total value of all goods and services produced within a country's borders in a specific time period, a primary measure of economic health.

Real GDP

Gross Domestic Product adjusted for inflation, reflecting the value of all goods and services produced by an economy in a given year at constant prices.

GDP

Gross Domestic Product, the total value of all goods and services produced within a country's borders in a specific time period, serving as a broad indicator of economic health.