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.
C. Customers may not be inclined to report understatement errors in their accounts.
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Which of the following internal control activities could best prevent direct labor from being charged to manufacturing overhead?
A. Reconciliation of the unfinished job summary and production cost records. B. Comparison of period costs budgets and time sheets. C. Comparison of daily journal entries with the factory labor summary. D. Reconciliation of work in process inventory with cost records.
________ is a systematic effort to reduce the cost or improve the performance of products and services, either purchased or produced
Fill in the blanks with correct word
Conflict is inevitable on a project; however, if it is handled effectively, it can elevate performance.
Answer the following statement true (T) or false (F)
As a rule, managers should try to always use the free component of trade credit but should use the costly component only if the cost of this credit is lower than the cost of credit from other sources.
Answer the following statement true (T) or false (F)