When It Is Impossible to Confirm Accounts Receivable,the Auditors May

question 44

True/False

When it is impossible to confirm accounts receivable,the auditors may be able to satisfy themselves as to the existence of accounts receivable by alternative procedures.

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Definitions:

Sarbanes-Oxley Act

A United States federal law established to protect investors by improving the accuracy and reliability of corporate disclosures.

Federal Bankruptcy Investigation

A process conducted by a government agency to examine the circumstances and legitimacy of a bankruptcy filing, ensuring compliance with bankruptcy laws.

Document Destruction

The process of eliminating or disposing of documents to prevent confidential information from being leaked or used improperly.

Felony

A serious criminal offense that is punishable by a sentence of more than one year in prison or by death.