According to Auditing Standards,accounts Receivable Confirmations Are Required to Be

question 98

Multiple Choice

According to auditing standards,accounts receivable confirmations are required to be used

• A)on every audit engagement.
• B)if the client agrees in writing to the procedure.
• C)if the balance is material.
• D)if environmental risk is low.

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Definitions:

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations using its current assets.