During the audit of Millennium Corporation, the audit firm, Tyson CPAS has advised firm management that they plan to confirm a sample of accounts receivable balances with a randomly selected pool of the client's customers. The client has refused permission for the auditors to undertake this procedure, citing customer privacy over balances owed to the firm. At this juncture, what might the auditors decide to do?
During the audit of Millennium Corporation, the audit firm, Tyson CPAS has advised firm management that they plan to confirm a sample of accounts receivable balances with a randomly selected pool of the client's customers. The client has refused permission for the auditors to undertake this procedure, citing customer privacy over balances owed to the firm. At this juncture, what might the auditors decide to do?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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