Question

In connection with the examination of financial statements by an independent auditor, management suggests that members of the internal audit staff be utilized to minimize audit costs. Which of the following tasks could most appropriately be delegated to the internal audit staff?

A. Selection of accounts receivable for confirmation, based upon the internal auditor's judgment as to how many accounts and which accounts will provide sufficient coverage.

B. Preparation of schedules for negative accounts receivable responses.

C. Evaluation of the internal control for accounts receivable and sales.

D. Determination of the adequacy of the allowance for doubtful accounts.

Answer

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