18. When there are a large number of relatively small account balances, negative

Question

18. When there are a large number of relatively small account balances, negative confirmation accounts receivable is acceptable if the combined control and inherent risks are 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 c. high, and the individuals receiving the confirmation requests are unlikely to give them adequate low, and the individuals receiving the confirmation requests are likely to give them adequate consideration. consideration consideration.

Explanation / Answer

When there are a large number of relatively small accounts account balances, negative confirmation of accounts receivable is acceptable if the combined control and  inherent risk are :

ANSWER =D) Low, and the individuals receiving the confirmation requests are likely to give them adequate consideration.

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