Which of the following statements is invalid relating to confirmation of accounts receivable? a. A negative form of confirmation is preferable to use when individual account balances of customers are relatively small b. A positive confirmation provides more reliable evidence than the negative confirmation because the auditor can perform follow-up procedures if no response is received from the debtor c. An auditor must consider using the negative form of confirmation when there is reason to believe that there may be a substantial number of accounts in dispute or with inaccuracies or irregularities d. In negative confirmation, failure to reply must be regarded as a correct response, even though the debtor may have ignored the confirmation request e. None of the above
Which of the following statements is invalid relating to confirmation of
a. A negative form of confirmation is preferable to use when individual account balances of customers are relatively small
b. A positive confirmation provides more reliable evidence than the negative confirmation because the auditor can perform follow-up procedures if no response is received from the debtor
c. An auditor must consider using the negative form of confirmation when there is reason to believe that there may be a substantial number of accounts in dispute or with inaccuracies or irregularities
d. In negative confirmation, failure to reply must be regarded as a correct response, even though the debtor may have ignored the confirmation request
e. None of the above
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