Question: why is it important to place emphasis on the existence and rights (ownership) assertions when auditing accounts receivable? Which audit procedures are usually the most

why is it important to place emphasis on the existence and rights (ownership) assertions when auditing accounts receivable? Which audit procedures are usually the most useful for auditing the existence and rights assertions? What analytical procedures might be informative regarding the existence assertion?

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Why is it important to place emphasis on the existence and ownership (rights) assertions when auditing cash and accounts receivable?

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