A Continuing Audit Client's Property,plant,and Equipment and Accounts Receivable Accounts

question 13

Multiple Choice

A continuing audit client's property,plant,and equipment and accounts receivable accounts have approximately the same year-end balance.In this circumstance,when compared to property,plant and equipment,one would normally expect the audit of accounts receivable to require:

• A)More audit time.
• B)Less audit time.
• C)Approximately the same amount of audit time.
• D)Similar confirmation procedures.

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Definitions:

Rude

Displaying a lack of courtesy or respect for others; impolite behavior.

Considerate

Showing careful thought, especially towards the feelings and needs of others.

True Answers

Correct or factual responses that accurately address the questions or problems posed.

Communication Circle

A structured arrangement of individuals aimed at facilitating discussion and information exchange within a group setting.