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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Definitions:

Validity Rules

The principles or criteria used to evaluate the soundness of an argument or reasoning process, ensuring that if the premises are true, the conclusion must also be true.

Categorical Proposition

A statement relating two classes or categories, asserting that all, some, or none of the members of one class are included in another.

Major Premise

In a syllogism, the first proposition which asserts a general principle.

Singular Propositions

Statements that make a claim about a specific single entity or unique instance.