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Author Question: Which of the following audit procedures would normally be included in the audit plan when auditing ... (Read 39 times)

Aimless0988

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on: Aug 21, 2022

Question 1

When do most companies record sales returns and allowances?
◦ during the month in which the sale occurs
◦ during the accounting period in which the return occurs
◦ whenever the customer contacts the company regarding the credit
◦ during the month after the sale occurs

Question 2

Which of the following audit procedures would normally be included in the audit plan when auditing the allowance for doubtful accounts?
◦ Send positive confirmations.
◦ Inquire of the client's credit manager.
◦ Send negative confirmations.
◦ Examine sales invoices.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by Aimless0988 on Aug 21, 2022

jbsuccess1

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Reply #1 on: Aug 21, 2022
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Aimless0988

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Reply 2 on: Aug 21, 2022
Wow, this really help

Dinolord

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Reply 3 on: Yesterday
Excellent

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