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Vaishnavi D asked 4 months ago

Reason/Explanation for Ans (b) & Not other Alternatives (C) or (d)??MTP Series 2 ICAI

1 Answers
RaviRavi Staff answered 4 months ago

(a) is wrong as it says no audit procedures in given circumstances 
(b) yes is it temporary, yes check such invoice
(c) yes it is temporary, check subsequent bank statement and not prior
(d) if there is no response perform different audit procedures on same balance and not just get new customer for balance confirmation 
so (b) is fine 

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