How you deal if the balance confirmation is mismatch while conducting audit of trade receivables.

When encountering a mismatch in balance confirmation while auditing trade receivables, the following steps can be taken to resolve the discrepancy: 1. Review Documentation: Carefully review the correspondence between the audited entity and its customers regarding the balance confirmation requests and responses. Examine the terms, dates, and any relevant supporting documentation, such as invoices, contracts,…...