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Author Question: The auditor has a balance-related audit objective to determine that accounts receivable are ... (Read 88 times)

jrobl3

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Question 1

Describe three audit procedures an auditor would use to test for the realizable value balance-related audit objective.

Question 2

The auditor has a balance-related audit objective to determine that accounts receivable are appropriately aggregated, and related financial statement disclosures are relevant and understandable. Which of the following audit procedures would the auditor not perform in connection with this audit objective?
◦ Trace receivables from related parties on the aged trial balance to proper disclosure in the footnotes to the financial statements.
◦ Read footnote disclosures made by management related to accounts receivable.
◦ Evaluate footnote disclosures made by management for related party receivables.
◦ Use audit software to foot and cross-foot the aged accounts receivable trial balance.


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Marked as best answer by jrobl3 on Aug 21, 2022

GoldenBrown

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jrobl3

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Reply 2 on: Aug 21, 2022
Excellent


Jsherida

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Reply 3 on: Yesterday
Wow, this really help

 

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