During the audit of the December 31, 20X5, financial statements, the auditor identifies cash amounts received subsequent
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a. What kind of procedure is this? What evidence does it provide regarding which financial statement assertion?
b. What records or documents would the auditor need to look at to identify cash amounts received after the year-end?
Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...
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Related Book For
Auditing An International Approach
ISBN: 978-0071051415
6th edition
Authors: Wally J. Smieliauskas, Kathryn Bewley
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