Author Question: Which of the following is likely to be determined first when performing tests of details for ... (Read 16 times)

redpassion · **on:** Aug 21, 2022

Question 1

Which of the following audit procedures would not likely detect a client's decision to pledge or factor accounts receivable?
◦ a review of the minutes of the board of directors' meetings
◦ discussions with the client
◦ confirmation of receivables
◦ examination of correspondence files

Question 2

Which of the following is likely to be determined first when performing tests of details for accounts receivable?
◦ Recorded accounts receivable exist.
◦ Accounts receivable in the aged trial balance agree with related master file amounts, and the total is correctly added and agrees with the general ledger.
◦ The client has a right to the accounts receivable.
◦ Existing accounts receivable are included.

jacquelyngibson · **Reply #1 on:** Aug 21, 2022

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