What factors does Tim need to consider in deciding whether to use written confirmation requests, email requests, or direct access to electronic records?
Tim Flynn is the engagement manager for the audit of O’Donnell Enterprises. Tim is currently planning tests of details of balances for accounts receivable and is considering the use of electronic confirmation requests to improve response rates. The historical response rate to written confirmation requests sent to O’Donnell’s customers has been below 50 percent and […]