What is the effect on the nature, timing, and extent of substantive tests of accounts receivable when the risk of material misstatement is assessed as being low instead of high ...

A lower risk of material misstatement means the auditor can pla ...

What is the effect on the nature, timing, and extent of substantive tests of accounts receivable when

Question:

What is the effect on the nature, timing, and extent of substantive tests of when the risk of material misstatement is assessed as being low instead of high?

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...