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Auditing standards require auditors to confirm accounts receivable with some exceptions. Which of the following is not one of the exceptions allowed by auditing standards? the accounts receivable balance is comprised of several very large customer balances. accounts receivable are immaterial. response rates are likely to be very low. the combined level of inherent risk and control risk are low and other substantive evidence can be obtained.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9986332

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