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An auditor is required to confirm accounts receivable if the accounts receivable balances are?

a. Older than the prior year. b. Material to the financial statements. c. Smaller than expected. d. Subject to valuation estimates.

Team Management Financial Accounting Internal Audit Financial Management Financial Systems Implementation
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Date Posted: 2013/08/25
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The adequacy of the disclosure of the related party transactions

Farhan uddin Khilji
by Farhan uddin Khilji , Head of Internal Audit , ABV Rock Group Co. Ltd.

Material to the financial statements. Please note that sending cofirmations is not a primay audit procedure any more. If the auditor is able to verify through other alternatives (such as verifying subsequent payment etc.) then there is no need to send confirmation even if the balance is material.

Ghulam Mustafa
by Ghulam Mustafa , Finance Manager , Al Hamli Group of Companies

Material to the financial statements.

Galal Galal kamal ahmed abozed
by Galal Galal kamal ahmed abozed , مدير موقع , ابوزيد للانظمه الامنيه

c.
Smaller than expected.

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