The confirmation of customers accounts receivable rarely, Ask an Expert

Accounting

The confirmation of customers' accounts receivable rarely provides reliable evidence about the completeness assertion because :

A. Many customers merely sign and return the confirmation without verifying its details

B. Recipients usually respond only if they disagree with the information on the request

C. Customers may not be inclined to report understatement errors in their accounts

D. Auditors typically select many accounts with low recorded balances to be confirmed

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M956010

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