Accounting · Auditing and Financial Statements
Which of the following combinations of audit procedures should be performed to form a conclusion as to whether the financial statements require amendment due to a material subsequent event involving a debtor? 1. Discuss with management the reasons for not amending the financial statements. 2. Review the cash book post year-end for receipts from the debtor. 3. Send a request to the debtor to confirm the outstanding balance at the year-end. 4. Agree the outstanding balance to initial sales orders and shipping documents.
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