$25-24($OBJECTIVE $25-1)$ In an engagement to review the financial statements of a nonpublic company, SSARS require the accountant to obtain review evidence that is primarily based on inquiries and analytical procedures. The nature of the accountant$$s inquiries is a matter of judgment. For example, the accountant may consider the nature and materiality of the items, likelihood of misstatement, how the items may be affected by management$$s judgment, qualifications of client personnel, among other matters.

Following are several inquiry procedures for the sales and collection cycle:

Revenue

$1.$Are revenues from the sale of major products and services recognized in the appropriate period?

Receivables

$1.$Has an adequate allowance been made for doubtful accounts?

$2.$Have receivables considered uncollectible been written off?

$3.$If appropriate, has interest been reflected?

$4.$Has a proper cutoff of sales transactions been made?

$5.$Are there any recei