The Primary Consideration When Planning to Confirm Accounts Receivable Before

question 54

Multiple Choice

The primary consideration when planning to confirm accounts receivable before the balance sheet date is the ________.

• A)type of confirmation to be used
• B)client's internal control over transactions affecting receivables
• C)availability of staff auditors
• D)number of customer accounts

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Definitions:

Contractors

Individuals or companies that provide services or perform tasks on behalf of another entity under the terms of a contract, rather than being employed directly.

Classification

The process of organizing or categorizing items, information, or jobs into specific groups or categories.

Control Over Work

The extent to which employees can influence their tasks, work conditions, and schedules in their job.

Compensation Strategy

A compensation strategy is an organization's plan for determining the pay scales and job benefits for its employees, aligning them with its business goals and competitive practices.