Question: What and how audit assertions are being tested by each Substantive Testing of Receivables and Revenue? A. Obtain Aged Trial Balance of Trade AR and

What and how audit assertions are being tested by each Substantive Testing of Receivables and Revenue?

A. Obtain Aged Trial Balance of Trade AR and Analyses of Other AR and reconcile to Ledgers.

B. Obtain Analyses of Notes receivable and related Interest and reconcile to General Ledger.

C. Inspect Notes on Hand and confirm those with Holders.

D. Confirm Receivables with Debtors (Confirmation).

E. Review the Year-end Cutoff of Sales Transactions

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