External confirmations for accounts receivable

Reference no: EM13818561

Q1. Why should auditors use external confirmations for Accounts Receivable? Discuss positive and negative confirmations and their use. Can confirmations mailed but not received be used as audit evidence? What should an auditor do if responses for confirmation requests are not received from customers?

Q2. Discuss any three Analytical Procedures typically used in the audit of inventories.

Reference no: EM13818561

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