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Is the confirmation of accounts receivable always required

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Reference no: EM132322318

Question

"Accounting Irregularities" Please respond to the following:

Imagine that you were auditing accounts receivable balances to confirm sales and found significant discrepancies between the recorded account balances and returned confirmations from customers.

Recommend an alternative approach to confirming sales revenue. Is the confirmation of accounts receivable always required? What is the difference between managerial discretion and the intentional falsification of accounting records?

Reference no: EM132322318

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