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Author Question: The auditor has a balance-related audit objective to determine that accounts receivable are ... (Read 54 times)

jrobl3

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on: Aug 21, 2022

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.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by jrobl3 on Aug 21, 2022

GoldenBrown

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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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jrobl3

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Reply 2 on: Aug 21, 2022
YES! Correct, THANKS for helping me on my review

cici

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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