A new auditor prepared accounts receivable confirmation request to be sent to the customer. He...
60.1K
Verified Solution
Link Copied!
Question
Accounting
A new auditor prepared accounts receivable confirmation request to be sent to the customer. He mentioned in the letter to only reply if the information presented is not the same as your records. Is this a preferred type of confirmation to send?
Select answer from the options below
Yes, because this is just a check procedure and most data from the client's file are reliable.
No because the customer might not place too much attention to the request.
No there is a risk that the client never received the confirmation.
Yes, to reduce all the unnecessary responses from customers that already have agreed on amounts.
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
