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It is sometimes impossible for the auditors to use normal accounts receivable confirmation procedures. In...

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Accounting

It is sometimes impossible for the auditors to use normal accounts receivable confirmation procedures. In such situations, the best alternative procedure the auditors might resort to would be:

Multiple Choice

  • Requesting that management increase the allowance for uncollectible accounts by an amount equal to some percentage of the balance in those accounts that cannot be confirmed.

  • Applying analytical procedures to accounts receivable and sales on a year-to-year basis.

  • Examining subsequent receipts of year-end accounts receivable.

  • Reviewing accounts receivable aging schedules prepared at the balance sheet date and at a subsequent date.

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