Which of the following will most likely provide the most assurance concerning the accuracy balance-related objective for
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Question:
Which of the following will most likely provide the most assurance concerning the accuracy balance-related objective for accounts receivable?
1.Vouch amounts in the subsidiary ledger to details on shipping documents.
2. Compare receivable turnover ratios with industry statistics for reasonableness.
3. Inquire about receivables pledged under loan agreements.
4. Assess the allowance for uncollectible accounts for reasonableness.
Related Book For
Auditing and Assurance services an integrated approach
ISBN: 978-0132575959
14th Edition
Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley
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