Define what is meant by alternative procedures in the confirmation of accounts receivable and explain their purpose. Which alternative procedures are the most reliable? Why?
APPLICATION OF THE AUDIT PROCESS TO THE SALES AND COLLECTION CYCLE 1. Distinguish between a positive and a negative confirmation and state the circumstances in which each should be used.2. Define what is meant by alternative procedures in the confirmation of accounts receivable and explain their purpose. Which alternative procedures are the most reliable? Why?