A new auditor prepared accounts receivable confirmation request to be sent to the customer. He...

60.1K

Verified Solution

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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students