You are conducting the audit of Superior Company as of December 31, 2014. The following...
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Accounting
You are conducting the audit of Superior Company as of December 31, 2014. The following accounts receivable confirmations were sent out by you and returned to you from Superiors customers. Based on the customers comments indicate what action you would take.
January 15, 2015
Baker Company
18 Lakeview Drive
Rocky Hill, Ct. 06262
Dear Mrs. Baker,
Our auditor, Miller, CPA, is currently auditing our financial statements. To facilitate that audit, please confirm the balance due us as of December 31, 2014 which is shown on our records as $25,000. Indicate in the space below whether this is in agreement with your records. If there are exceptions please provide information please provide any information that will assist our auditors in reconciling the difference.
Please mail your reply directly to Miller, CPA. A stamped, self addressed envelope is enclosed for your convenience.
James Blake
James Blake
Controller
Superior Company
To Miller, CPA:
The amount shown above is correct as of December 31, 2014, except as follows:
Sure we ordered $25,000 of merchandise on October 10, 2014, but Superior was out of stock until recently. They back ordered the goods and we finally received them on January 4, 2015.
Nancy Baker
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