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Author Question: The most reliable evidence from confirmations is obtained when they are sent (Read 64 times)

bvyeehaw

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on: Aug 21, 2022

Question 1

The most effective audit evidence gathered for accounts receivable is the
◦ detail tie-in of the records.
◦ analysis of the allowance for doubtful accounts.
◦ confirmation of accounts receivable.
◦ examination of sales invoices.

Question 2

The most reliable evidence from confirmations is obtained when they are sent
◦ as close to the balance sheet date as possible.
◦ at various times throughout the year to different segments of the sample, so that the entire sample is representative of account balances scattered throughout the year.
◦ several months before the year-end, so the auditor will have adequate time to perform alternate procedures if they are required.
◦ at various times throughout the year to the same group in the sample, so that the sample will not have a time bias.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by bvyeehaw on Aug 21, 2022

AarionnaH

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Reply #1 on: Aug 21, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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bvyeehaw

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Reply 2 on: Aug 21, 2022
Great answer, keep it coming :)

FergA

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Reply 3 on: Yesterday
Excellent

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