Question: Indicate the primary audit objective for the following audit procedure: Add the accounts receivable aged trial balance and agree the total with the master file

Indicate the primary audit objective for the following audit procedure: Add the accounts receivable aged trial balance and agree the total with the master file and general ledger. Occurrence O Completeness - transactions Accuracy - transactions O Classification - transactions O Timing O Posting and summarization O Existence O Completeness - balances O Accuracy balances O Classification - balances O Detail tie-in Completeness - balances O Accuracy - balances O Classification - balances Detail tie-in Realizable value

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Indicate the primary audit objective for the following audit procedure: Foot the accounts payable listing and agree the total to the general ledger. O Occurrence O Detail tie-in O Accuracy -...

Indicate the type of test for the following audit procedure: Add the accounts receivable aged trial balance and agree the total with the master file and general ledger. Test of control O Substantive...

Indicate the type of test for the following audit procedure: Add the accounts receivable aged trial balance and agree the total with the master file and general ledger. O Test of control Substantive...

Question 1 6 0 . 5 pts Indicate the type of test for the following audit procedure: Add the accounts receivable aged trial balance and agree the total with the master file and general ledger. Group...

Indicate the primary audit objective for the following audit procedure: Trace entries from cash receipts journal to entry in accounts receivable master file. Occurrence Completeness transactions...

Indicate whether the following audit procedure is a Test of Control (TOC), Substantive Tests of Transactions (STOT), Test of Details of Balances (TODB), or Substantive Analytical Procedures (SAP)....

Indicate whether the following audit procedure is a Test of Control (TOC), Substantive Tests of Transactions (STOT), Test of Details of Balances (TODB), or Substantive Analytical Procedures (SAP). 1....

Please choose the best answer. Thanks! Indicate whether the following audit procedure is a Test of Control (TOC), Substantive Tests of Transactions (STOT), Test of Details of Balances (TODB), or...

Indicate whether the following audit procedure is a Test of Control (TOC), Substantive Tests of Transactions (STOT), Test of Details of Balances (TODB), or Substantive Analytical Procedures (SAP)....

Are these correct??? Test of Control or Substantive Type of substantive test Transaction - related objective Balance - related objective 1 . Add the accounts receivable trial balance and agree amount...

Show the products of thesereactions: CH3 . b) . CH,N2 CH-l2 a) C=C C=C Zn(Cu) CH3 . CHBR3 CHCI3 t-BuO d) ,

What is job analysis explain with examples? Why Job analysis is so important to HR managers explain briefly? Job analysis is so important to HR managers that it has been called the building block of...

A well - known industrial firm has issued a bond, which will be redeemed for face value p semiannual interest payment at maturity. Bond face value: $ 1 , 2 0 0 Bond norminal interest rate 5 . 0 0 %...

CT Corp Comprehensive Question Canadian Tire Corporation, Limited (Canadian Tire) is a family of companies that includes a retail segment and a financial services division, among others. The retail...

ADVANCED ANALYSIS Linear equations for the consumption and saving schedules take the general form C a bY and S a (1 b)Y, where C, S, and Y are consumption, saving, and national income,...

ADVANCED ANALYSIS Suppose that the linear equation for consumption in a hypothetical economy is C 40 .8Y. Also suppose that income (Y ) is $400. Determine (a) the marginal propensity to consume,...

KEY QUESTION Assume that in a particular year the natural rate of unemployment is 5 percent and the actual rate of unemployment is 9 percent. Use Okuns law to determine the size of the GDP gap in...