Question: Please help: Unit 5 DB: Allowance for Doubtful Accounts Unit 5 DB: Allowance for Doubtful Accounts Explain why the allowance for doubtful accounts is a

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Unit 5 DB: Allowance for Doubtful Accounts

Unit 5 DB: Allowance for Doubtful Accounts

Explain why the allowance for doubtful accounts is a high risk audit area. Why do we use the allowance for doubtful accounts? Who is responsible for establishing an adequate reserve? What is the auditors role? How would the auditor audit this account? Read the attached articles above.

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