Forums

Negative confirmation

Auditing

Can anyone please explain me these two points

IMG_20230318_123513.jpg

Umayal Lakshmanan

Umayal Lakshmanan

CA Final

6K+

18-Mar-23 12:36

212

Answers (5)

low rate of exception means - low rate of differences. Second point talks about cases where the other party may. not respond.


CA Suraj Lakhotia

CA Suraj Lakhotia

Admin

19-Mar-23 07:50

Thank you sir


Thread Starter

Umayal Lakshmanan

Umayal Lakshmanan

CA Final

6K+

19-Mar-23 11:14

Can you please give me an example for point 2 sir.


Thread Starter

Umayal Lakshmanan

Umayal Lakshmanan

CA Final

6K+

19-Mar-23 11:15

Thread Starter

Umayal Lakshmanan

Can you please give me an example for point 2 sir.

Auditor doesnt know the reason why other party doesnt respond. There is no communication or no previous transactions trend or new customer


Sudha Reddy

Sudha Reddy

CA Final

20K+

20-Mar-23 10:04

Individual Modules Offer
Adv Acc