At the conclusion of a stock count, the auditor should impact the stock sheet to confirm that __________

21. Should the written request for confirmation be from the auditors or the client? Should the return envelope be addressed to the auditors, to the client or to the auditors in care of the client?

22. If a client’s customer’s account is selected for positive confirmation and the customer fails to respond to the confirmation, what alternative procedures are available to the auditor?

23. (c) What is the difference between a positive and negative request?
(d) When should the CPA use a negative request?

21. Should the written request for confirmation be from the auditors or the client? Should the return envelope be addressed to the auditors, to the client or to the auditors in care of the client?

27. What part, if any, do the auditors play in the client’s planning for the physical inventory?

The auditor should focus on ascertaining that prepaid assets arenot overstated and that accrued liabilities are not understated.Discuss four specifying audit objectives that the auditor shouldperform to obtain obtaining reasonable assurance that prepaidassets and accrued liabilities are properly stated