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Unformatted text preview: In example 1, the positive confirmation was returned by fax rather than mail. Since fax is not as competent as the original confirmation by mail, the auditor should call Suzie Smith of ReadyTime.com to confirm what the fax reveals and to request the original confirmation by mail. In example 2, the confirmation was returned via email. The evidence provided is incompetent because the chance for the client in tampering with the confirmation increases since there is no signature to prove that the confirmation email is from the customer but not the client. So the auditor should call bigtime.com to return the original confirmation by mail. In example 3, the confirmation was returned but neither A nor B was checked. Terry Mac Arthur from SalmonScience.com noted down that he had discussed with the Total Computers controller and the balance appeared reasonable. In example 4, the confirmation was returned and A was checked. The evidence provided is...
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This note was uploaded on 11/30/2011 for the course ACCOUNTING 655 taught by Professor Lee during the Spring '11 term at Prince George's Community College, Largo.
- Spring '11