Accounts receivable aging uses estimates for the buckets of receivables that are defined. Name three tests that the auditor can do to validate that the estimates are reasonable and allow for the balance to be fairly stated. Keep in mind the case materials here and the fact that 2020 was a COVID year. How would that impact your tests?

Answer rating: 100% (QA)

Types of Audits External Audits Audits performed by outside parties can be extremely helpful in removing any bias in reviewing the state of a companys ... View the full answer