When an Audit Team Does Not Receive a Response on a Positive

question 47

Multiple Choice

When an audit team does not receive a response on a positive accounts receivable confirmation,auditors should do all of the following except

• A) Send a second request.
• B) Do nothing for immaterial balances.
• C) Examine shipping documents.
• D) Examine client correspondence files.

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Definitions:

Adult Children

Individuals who are legally adults but are referred to in the context of their relationship with their parents.

Equal Relationship

A partnership characterized by mutual respect, where all parties have equal say and value in the relationship.

Friendships

Mutual relationships between people characterized by affection, respect, loyalty, and strong interpersonal bonds.

Old Age

The latter stage of the human life span, typically characterized by retirement, potentially decreased physical and cognitive function, and a higher focus on personal relationships and leisure activities.