Confirmations of Receivables at an Interim Date When Internal Controls

question 62

Essay

Confirmations of receivables at an interim date When internal controls are strong,the auditor may decide to confirm receivables before year end.Roll-forward procedures are then used to obtain adequate evidence for the roll-forward period.Discuss why the auditor would want to confirm receivables before balance sheet date,the risks involved,and at least three of the roll-forward procedures that the auditor performs to gain assurance on the roll-forward period.

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Definitions:

Body Servants

Enslaved or servant individuals who worked closely with their masters or mistresses, performing personal tasks such as dressing, bathing, and grooming; these roles often, but not exclusively, existed within the context of slavery.

Confederate Army

The military force representing the Confederate States of America during the American Civil War (1861-1865), which fought against the Union.

Hospital Attendants

Healthcare workers responsible for the non-medical care of patients, such as helping with basic needs and ensuring comfort in hospitals.

Female Contrabands

Refers to women and girls who escaped slavery and sought protection behind Union lines during the Civil War.