Walter Conn, CPA, is engaged to audit the financial statements of Bingo Wholesaling for the year ended

Question:

Walter Conn, CPA, is engaged to audit the of Bingo Wholesaling for the year ended December 31, 20X0. Conn obtained and documented an understanding of the client and its environment, including internal control over the business processes relating to He assessed the risks of material misstatement for all of the assertions about at a moderate level. Conn requested and obtained from Bingo an aged schedule listing the total amount owed by each customer as of December 31, 20X0.
What additional substantive audit procedures should Conn consider applying in auditing the Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... 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...