What role does the audit trail play in the task of confirmation?

Expert Solution

Confirmation is most typically used for confirming the accounts receivable account as reported on the balance sheet. The audit trail is used to trace from the general ledger accounts receivable control account to the subsidiary account, and then to specific customer accounts. A sample of the customer accounts is then selected for confirmation.

Junaid answered 3 months ago

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What role does the audit trail play in the task of confirmation?

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