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Author Question: When determining the timing of the accounts receivable confirmations, (Read 47 times)

Facerro

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When determining the timing of the accounts receivable confirmations,
◦ the receivables cannot be confirmed at an interim date.
◦ if accounts receivable are confirmed before year-end, the auditor typically prepares a roll-forward schedule.
◦ if the receivables are confirmed at an interim date, they must also be confirmed at year-end.
◦ if internal controls are adequate, the accounts receivable must be confirmed at year-end.


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Marked as best answer by Facerro on Aug 21, 2022

avelasquez

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Facerro

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Reply 2 on: Aug 21, 2022
:D TYSM


LVPMS

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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