Business, 14.11.2019 19:31 Sumthin4695
When there are a large number of relatively small account balances, negative confirmation of accounts receivable is feasible if the combination of inherent risk and control risk is:
a. low, and the individuals receiving the confirmation requests are unlikely to give them adequate consideration.
b. high, and the individuals receiving the confirmation requests are likely to give them adequate consideration.
c. high, and the individuals receiving the confirmation requests are unlikely to give them adequate consideration.
d. low, and the individuals receiving the confirmation requests are likely to give them adequate consideration
Answers: 2
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When there are a large number of relatively small account balances, negative confirmation of account...
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