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Describe differences by design between positive and negative

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Reference no: EM132737619

Problem 1- Describe the differences by design between positive and negative confirmations. What are the advantages and disadvantages of each type?

Problem 2- Based on your experience evaluating account receivable confirmations for the Buds' Big Blue Manufacturing, briefly describe three real-life situations where a confirmation apparently does not provide sufficient, appropriate audit evidence. For each situation, recommend additional procedures that should be performed before concluding that the confirmation provides evidence supporting the client's account balance.

Reference no: EM132737619

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