In the Confirmation of Accounts Receivable, the Auditor Would Most

question 52

Multiple Choice

In the confirmation of accounts receivable, the auditor would most likely:

• A)send negative confirmations when the assessed risk of material misstatement is high.
• B)seek to obtain positive confirmations for at least 50% of the total dollar amount of the receivables.
• C)require confirmation of all receivables from agencies of the federal government.
• D)require that confirmation requests be sent as soon as possible after fiscal year-end.

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