During the audit of the December 31, 20X5, financial statements, the auditor identifies cash amounts received subsequent

Question:

During the audit of the December 31, 20X5, financial statements, the auditor identifies cash amounts received subsequent to December 31, 20X5, and traces these amounts to the cash account in the general ledger and to the sub-ledger balances at December 31, 20X5.

Required:
a. What kind of procedure is this? What evidence does it provide regarding which financial statement assertion?
b. What records or documents would the auditor need to look at to identify cash amounts received after the year-end?

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...