You are conducting the audit of Superior Company as of December 31, 2014. The following accounts receivable confirmations were sent out by you and returned to you from Superiorâs customers. Based on the customerâs comments indicate what action you would take.
January 15, 2015
Grove Retailing.
3838 Curtis Street
Hartford, Ct. 06703
Dear Mr. Jones,
Our auditor, Miller, CPA, is currently auditing our financial statements. To facilitate that audit, please confirm the balance due us as of December 31, 2014 which is shown on our records as $24,000. Indicate in the space below whether this is in agreement with your records. If there are exceptions please provide information please provide any information that will assist our auditors in reconciling the difference.
Please mail your reply directly to Miller, CPA. A stamped, self addressed envelope is enclosed for your convenience.
James Blake
James Blake
Controller
Superior Company
To Miller, CPA:
The amount shown above is correct as of December 31, 2014, except as follows:
We received $24,000 of goods on consignment from Superior on December 10, 2014, but they are not sold yet.
Andy Briggs
Accounts Payable Supervisor
Grove Retailing
You are conducting the audit of Superior Company as of December 31, 2014. The following accounts receivable confirmations were sent out by you and returned to you from Superiorâs customers. Based on the customerâs comments indicate what action you would take.
January 15, 2015
Grove Retailing.
3838 Curtis Street
Hartford, Ct. 06703
Dear Mr. Jones,
Our auditor, Miller, CPA, is currently auditing our financial statements. To facilitate that audit, please confirm the balance due us as of December 31, 2014 which is shown on our records as $24,000. Indicate in the space below whether this is in agreement with your records. If there are exceptions please provide information please provide any information that will assist our auditors in reconciling the difference.
Please mail your reply directly to Miller, CPA. A stamped, self addressed envelope is enclosed for your convenience.
James Blake
James Blake
Controller
Superior Company
To Miller, CPA:
The amount shown above is correct as of December 31, 2014, except as follows:
We received $24,000 of goods on consignment from Superior on December 10, 2014, but they are not sold yet.
Andy Briggs
Accounts Payable Supervisor
Grove Retailing
