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Author Question: When an auditor tests to determine if all existing accounts receivable are included in the aged trial balance, (Read 54 times)

redpassion

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on: Aug 21, 2022
When an auditor tests to determine if all existing accounts receivable are included in the aged trial balance,
◦ they cannot rely on the self-balancing nature of the accounts receivable master file.
◦ if all sales to a customer are omitted from the sales journal, it is easy to uncover the understatement of accounts receivable by tests of details of balances.
◦ auditors rarely send accounts receivable confirmations to customers with zero balances.
◦ unrecorded sales to a new customer are easy to identify for confirmation because that customer is included in the accounts receivable master file.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by redpassion on Aug 21, 2022

MistyHubbard

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Reply #1 on: Aug 21, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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redpassion

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Reply 2 on: Aug 21, 2022
Great answer, keep it coming :)

robbielu01

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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