What auditing procedures, if any, are necessary for notes receivable but not required for accounts receivable?

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Principles of Auditing and Other Assurance Services

ISBN: 978-0078025617

19th edition

Authors: Ray Whittington, Kurt Pany

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Question Posted: Jul 17, 2015 02:10 AM

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Notes receivable differ from accounts receivable in that notes receivable represent written debt instruments. What is one other common difference between notes receivable and accounts receivable?
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What auditing procedures, if any, are necessary for notes receivable but not required for accounts receivable?

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The audit procedures that are usually applied to note...View the full answer

Principles of Auditing and Other Assurance Services

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