If the auditor applies stratification on accounts receivable and accounts payable, using dollar value as the attribute for stratification should the analysis be performed the same way? What is the main difference between the two types of accounts that the auditor needs to be careful about when carrying out audit testing and analysis on these accounts?

Answer rating: 100% (QA)

In accounting confusion sometimes arises when working between accounts payable vs assets the 2 forms of accounts are very similar within the way theyre recorded but its important to differentiate betw... View the full answer