Unreturned Positive Confirmations for Accounts Receivable Warrant Which of the Following

question 92

Multiple Choice

Unreturned positive confirmations for accounts receivable warrant which of the following by the auditor?

• A)replacing the sample selection with a new customer.
• B)sending second requests and possibly performing alternative procedures.
• C)the projection of larger misstatements to the population.
• D)requesting that the client send additional audit correspondence to customers.

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Definitions:

Keynes

Relates to John Maynard Keynes, a UK-based economist whose notions significantly altered macroeconomics theory and the financial policies of governments.

Aggregate Supply

The aggregate amount of products and services that companies within an economy intend to offer for sale over a given period.

Aggregate Demand

The total demand for all goods and services within a particular market or economy at a given overall price level and time.

Classical School

A branch of economic thought that emphasizes the importance of market forces in determining economic outcomes and the self-regulating nature of the economy.