Question: CONTROL DESCRIPTION Management Review Control over the Allowance for Doubtful Accounts On a regular basis, Gavin, the Company's CFO, reviews the allowance for doubtful accounts

CONTROL DESCRIPTION Management Review Control over the Allowance for Doubtful Accounts On a regular basis, Gavin, the Company's CFO, reviews the allowance for

CONTROL DESCRIPTION Management Review Control over the Allowance for Doubtful Accounts On a regular basis, Gavin, the Company's CFO, reviews the allowance for doubtful accounts for reasonableness. The aged AR trial balance and the allowance for doubtful accounts schedule are prepared by Tyler, the accounts receivable clerk. The CFO obtains, reviews, and approves these documents. REQUIRED - PART A [1] Based on the management review control (MRC) description provided above, what is (a) the control's purpose, (b) the risk(s) of material misstatement addressed by the control, and (c) the significant account(s) related to the control. [a] Control's purpose: [b] Risk(s) of material misstatement addressed by the control: [c] Significant account(s) related to the control

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