Question: The audit working papers often include an auditee - prepared aged trial balance of accounts receivable as of the balance sheet date. The aging is
The audit working papers often include an auditeeprepared aged trial balance of accounts receivable as of the balance sheet date. The aging is best used by the auditor for which of the following?
aEvaluating internal control over credit sales
bTesting the accuracy of recorded charge sales
cEstimating credit losses
dVerifying the existence of the recorded receivables
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