Question: What analytical procedures might be informative regarding the existence assertion
What analytical procedures might be informative regarding the existence assertion?
Answer to relevant QuestionsWhat are some justifications for not using confirmations of accounts receivable on a particular audit?In the case of Bill Often, Bill Early, what information might have been obtained from inquiries? From tests of controls? From observations? From confirmations?Which of the following internal control activities will most likely prevent the concealment of a cash shortage by improperly writing off a trade account receivable? a. Write- offs must be approved by a responsible officer ...Audit documentation often includes a client- prepared, aged trial balance of accounts receivable as of the balance sheet date. The audit team uses this aging primarily to a. Evaluate internal control over credit sales. b. ...Write- offs of doubtful accounts should be approved by a. The salesperson. b. The credit manager. c. The treasurer. d. The cashier.
Post your question