When Determining the Timing of the Accounts Receivable Confirmations

question 72

Multiple Choice

When determining the timing of the accounts receivable confirmations,

• A) the receivables cannot be confirmed at an interim date.
• B) if accounts receivable are confirmed before year-end, the auditor typically prepares a roll-forward schedule.
• C) if the receivables are confirmed at an interim date, they must also be confirmed at year-end.
• D) if internal controls are adequate, the accounts receivable must be confirmed at year-end.

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