Or auditor miller cpa is currently auditing our financial

Assignment Help Accounting Basics

Reference no: EM13581801

Question: You are conducting the audit of Superior Company as of December 31, 2008. The following accounts receivable confirmations were sent out by you and returned to you from Superior's customers. Based on the customer's comments indicate what action you would take.

January 15, 2009

Baker Company

18 Lakeview Drive

Rocky Hill, Ct. 06262

Dear Mrs. Baker,

Our auditor, Miller, CPA, is currently auditing our financial statements. To facilitate that audit, please confirm the balance due us as of December 31, 2008 which is shown on our records as $25,000. Indicate in the space below whether this is in agreement with your records. If there are exceptions please provide information please provide any information that will assist our auditors in reconciling the difference.

Please mail your reply directly to Miller, CPA. A stamped, self addressed envelope is enclosed for your convenience.

James Blake

Controller

Superior Company

To Miller, CPA:

The amount shown above is correct as of December 31, 2008, except as follows:

Sure we ordered $25,000 of merchandise on October 10, 2008, but Superior was out of stock until recently. They back ordered the goods and we finally received them on january 4, 2009.

Nancy Baker

January 15, 2009

Grove Retailing.

3838 Curtis Street

Hartford, Ct. 06703

Dear Mr. Jones,

Our auditor, Miller, CPA, is currently auditing our financial statements. To facilitate that audit, please confirm the balance due us as of December 31, 2008 which is shown on our records as $24,000. Indicate in the space below whether this is in agreement with your records. If there are exceptions please provide information please provide any information that will assist our auditors in reconciling the difference.

Please mail your reply directly to Miller, CPA. A stamped, self addressed envelope is enclosed for your convenience.

James Blake

Controller

Superior Company

To Miller, CPA:

The amount shown above is correct as of December 31, 2008, except as follows:

We received $24,000 of goods on consignment from

Superior on December 10, 2008, but they are not sold yet.

Andy Briggs

January 15, 2009

Clark Retailing

48 Harvest Street

Hartford, Ct. 06762

Dear Mrs. Smith

Our auditor, Miller, CPA, is currently auditing our financial statements. To facilitate that audit, please confirm the balance due us as of December 31, 2008 which is shown on our records as $75,000. Indicate in the space below whether this is in agreement with your records. If there are exceptions please provide information please provide any information that will assist our auditors in reconciling the difference.

Please mail your reply directly to Miller, CPA. A stamped, self addressed envelope is enclosed for your convenience.

James Blake

Controller

Superior Company

To Miller, CPA:

The amount shown above is correct as of December 31, 2008, except as follows:

Our records show that a check for $75,000 was mailed on December 27, 2008.

Mary Smith

Controller

January 15, 2009

Hall Enterprises, Inc.

35 Green Street

Bridgeport, Ct. 06203

Dear Mr. Hall,

Our auditor, Miller, CPA, is currently auditing our financial statements. To facilitate that audit, please confirm the balance due us as of December 31, 2008 which is shown on our records as $24,000. Indicate in the space below whether this is in agreement with your records. If there are exceptions please provide information please provide any information that will assist our auditors in reconciling the difference.

Please mail your reply directly to Miller, CPA. A stamped, self addressed envelope is enclosed for your convenience.

James Blake

Controller

Superior Company

To Miller, CPA:

The amount shown above is correct as of December 31, 2008, except as follows:

Note to files - This confirmation was returned by the postal service as"return to sender - no such addressat this location". John Hancock, Staff Auditor

January 15, 2009

Atom Co.

362 Main Street

Hartford, Ct. 06702

Dear Mr. Adams,

Our auditor, Miller, CPA, is currently auditing our financial statements. To facilitate that audit, please confirm the balance due us as of December 31, 2008 which is shown on our records as $15,000. Indicate in the space below whether this is in agreement with your records. If there are exceptions please provide information please provide any information that will assist our auditors in reconciling the difference.

Please mail your reply directly to Miller, CPA. A stamped, self addressed envelope is enclosed for your convenience.

James Blake

Controller

Superior Company

To Miller, CPA:

The amount shown above is correct as of December 31, 2008, except as follows:

Yes, we ordered $15,000 worth of merchandise from Superior in November. However, we mailed Superior a check on December 18, 2008.

John Adams

Auditor's note: Controller Blake indicates that the check was received on December 28,

Reference no: EM13581801

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