For this exercise, your client, Bright IDEAs Inc., has provided you with a listing of sales invoices. To test whether the client appears to have a receivables collectability problem, the auditor must complete a series of related steps: 1. Import the client's database of sales invoices (pp. 28-45 of the IDEA Workbook). 2. Perform an aging analysis by following the instructions on pp. 52-56 of the IDEA Workbook Required Data Files DEA Data Analysis Workbook Required Complete all of the related steps shown above using IDEA. After completing each step, answer the following questions. (Enter your answers exactly as they appear in IDEA.) a. Upon importing the ACC_REC2015.ACCDB data file, what is the total Number of Records shown by IDEA? what is the Control Total for the GROSS_AMT Field shown by IDEA? b. What percentage of customers have accounts that are aged greater than 90 days? c. What percentage of customer balances (net value) are aged greater than 90 days? d-1. Determine the effect that your findings in parts (b) and (c) would have on the auditor's assessment of the risk of material misstatement. d-2. Determine which of the given accounts and assertions are most likely influenced by your findings. Complete this question by entering your answers in the tabs below. Required A Reqs B and C Required D1 Required D2 d-2. Determine which of the given accounts and assertions are most likely influenced by your findings The risk of material misstatement related to the completeness of accounts receivable is likely to be higher The risk of material misstatement related to the valuation of accounts receivable is likely to be higher receivable is likely to be lower receivable is likely to be lower The risk of material misstatement related to the completeness of accounts The risk of material misstatement related to the valuation of accounts Required D1 Required D2 For this exercise, your client, Bright IDEAs Inc., has provided you with a listing of sales invoices. To test whether the client appears to have a receivables collectability problem, the auditor must complete a series of related steps: 1. Import the client's database of sales invoices (pp. 28-45 of the IDEA Workbook). 2. Perform an aging analysis by following the instructions on pp. 52-56 of the IDEA Workbook Required Data Files DEA Data Analysis Workbook Required Complete all of the related steps shown above using IDEA. After completing each step, answer the following questions. (Enter your answers exactly as they appear in IDEA.) a. Upon importing the ACC_REC2015.ACCDB data file, what is the total Number of Records shown by IDEA? what is the Control Total for the GROSS_AMT Field shown by IDEA? b. What percentage of customers have accounts that are aged greater than 90 days? c. What percentage of customer balances (net value) are aged greater than 90 days? d-1. Determine the effect that your findings in parts (b) and (c) would have on the auditor's assessment of the risk of material misstatement. d-2. Determine which of the given accounts and assertions are most likely influenced by your findings. Complete this question by entering your answers in the tabs below. Required A Reqs B and C Required D1 Required D2 d-2. Determine which of the given accounts and assertions are most likely influenced by your findings The risk of material misstatement related to the completeness of accounts receivable is likely to be higher The risk of material misstatement related to the valuation of accounts receivable is likely to be higher receivable is likely to be lower receivable is likely to be lower The risk of material misstatement related to the completeness of accounts The risk of material misstatement related to the valuation of accounts Required D1 Required D2