An auditor is required to confirm accounts receivable if the accounts receivable balances are?

Question

a. Older than the prior year.
b. Material to the financial statements.
c. Smaller than expected.
d. Subject to valuation estimates.

Utilisateur supprimé · Answer

The adequacy of the disclosure of the related party transactions

Farhan uddin Khilji · Answer

Material to the financial statements. Please note that sending cofirmations is not a primay audit procedure any more. If the auditor is able to verify through other alternatives (such as verifying subsequent payment etc.) then there is no need to send confirmation even if the balance is material.

Ghulam Mustafa · Answer

Material to the financial statements.

Galal Galal kamal ahmed abozed · Answer

c.
Smaller than expected.

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An auditor is required to confirm accounts receivable if the accounts receivable balances are?

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