auditing procedures
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1. Describe the two forms of accounts receivable confirmation requests that you used and indicate the factors that you considered in determining which type to use.
2. What "alternative procedures" are you going to use to verify the existence of these accounts and the gross value of the receivables if the customers who receive positive confirmations never reply, even to a second request?
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Account receivable auditing procedures
Please check the attach file and let me know if is possible to solve the problem.
1. Describe the two forms of accounts receivable confirmation requests that you used and indicate the factors that you considered in determining which type to use.
The two forms of accounts receivable confirmation requests that I have used the positive form of request and the negative form of request.
In the positive form of request I have indicated requested the firms to indicate their agreement or disagreement with the information stated on the request. The language used is "Please confirm whether this agrees with your accounts on that date by signing and returning the attached ...
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