04 Apr When you examine customers? responses on the returned confirmations, you will see that several cust
When you examine customers’ responses on the returned confirmations, you will see that several customers have disputed the outstanding AR balance as of the fiscal end date. As you see in EXHIBIT 7.13 in the textbook (page 296), auditors must take follow-up actions to investigate whether these discrepancies indicate a misstatement. Describe an appropriate follow-up action for each case of confirmations. Note that not all discrepancies in the confirmation lead to a conclusion that the A/R balance is misstated. You may even conclude that the customer is mistaken and there is not further action to be taken. Submit a Word file with your answers.
First Attachment: example of how to do it.
Second attachment: the A/R vouchers
I need you to do 3.6 and 3.7 please
Do you need help with this question?
Get assignment help from Aqhomework.com Paper Writing Website and forget about your problems.
Chat with us today! We are always waiting to answer all your questions.