You are a public accountant with the accounting firm of KPMG, Batchelor, and Leung. Your firm has
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Question:
Last year's accounts receivable, net of the allowance for doubtful accounts, was €385,500. The increase in accounts receivable from last year is consistent with an increase in sales revenue, although the percentage increase in sales is slightly less than the percentage increase in receivables. The method for calculating the allowance for doubtful accounts is consistent with the method that was used in prior years.
Required
What are the specific audit objectives for the audit of accounts receivable at December 31, 20X5?
Related Book For
Financial Accounting and Reporting a Global Perspective
ISBN: 978-1408076866
4th edition
Authors: Michel Lebas, Herve Stolowy, Yuan Ding
Posted Date: