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MMLU / An auditor decides to use the blank form of positive accounts receivable…

Problem

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question

An auditor decides to use the blank form of positive accounts receivable confirmation. The auditor should be aware that the blank form may be ineffective because

choices

  1. All accounts do not have an equal opportunity to be selected for confirmation.
  2. Accounts unconfirmed may have already been written off as uncollectible.
  3. Few responses may occur because more effort is required of recipients.
  4. Accounts actually confirmed may not be representative of the population.

subject

professional_accounting

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