Conditions a. The confirmation requests should be mailed to respondents by the CPAs. b. A combination of positive and negative request forms must be used if receivables are significant. c. Second requests are ordinarily sent for positive form confirmation requests when the first request is not returned. d. Confirmations address existence more than they address completeness. e. Confirmation of accounts receivable is a generally accepted auditing standard. f. The auditors ordinarily should confirm accounts receivable. g. Auditors should always confirm the total balances of accounts rather than individual portions (e. g., if the balance is made up of three sales, all three should be confirmed). h. Auditors may ignore individually immaterial accounts when confirming accounts receivable. i. The best way to evaluate the results of the confirmation process is to compare the total misstatements identified to the account’s tolerable misstatements amounts. j. Accounts receivable are ordinarily confirmed on a standard form developed by the American Institute of Certified Public Accountants and the Financial Executives Institute.
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Business, 21.06.2019 19:10, jess7kids
The development price itself is such a huge barrier, it's just a very different business model than boeing's used to. our huge development programs are typically centered around commercial airplanes, military aircraft, where there is a lot of orders. and right now the foundation of the business is two bites a year.
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Business, 22.06.2019 04:40, aidanfbussiness
Select the correct answerwhat is the responsibility of each of the twelve federal reserve's banks in their districts? a. they set the prime rateob. they monitor functioning of banks in their through onsite and offsite reviewsc. they assess taxes in their destnictd. they write fiscal policies
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Business, 22.06.2019 08:50, sandram74691
Dyed-denim corporation is seeking to lower the costs of value creation and achieve a low-cost position. as a result, it plans to move its manufacturing plant from the u. s. to thailand, which based on company research, is the optimal location for production. this strategic move will most likely allow the company to realize
Answers: 3
Conditions a. The confirmation requests should be mailed to respondents by the CPAs. b. A combinatio...
Mathematics, 23.10.2020 15:20