Auditing: Accounts Receivable Confirmation

To confirm the existence of the client's accounts receivable (correct)

To verify the completeness of the client's transactions

To assess the valuation of the client's assets

To evaluate the client's internal control systems

Audit of inventory

Audit of accounts payable

Audit of cash

Audit of accounts receivable (correct)

Increased efficiency in the audit process

Enhanced audit evidence about the existence of accounts receivable (correct)

Better internal control over the client's accounts receivable

Improved accuracy of financial statements

<p>To obtain evidence about the existence of accounts receivable</p> Signup and view all the answers

<p>It provides evidence about the existence of accounts receivable</p> Signup and view all the answers