Multiple Choice
Which of the audit objectives is performed first when doing the tests of details of balances for accounts receivable?
A) Accounts receivable are owned.
B) 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.
C) Existing accounts receivable are included.
D) Recorded accounts receivable exist.
Correct Answer:
Verified
Correct Answer:
Verified
Q60: For sales, the existence transaction-related objective affects
Q61: Which one of the following circumstances would
Q62: When no reply to a positive confirmation
Q63: Each auditee misstatement of accounts receivable must
Q64: Most tests of accounts receivable and the
Q67: Explain two particular matters for the presentation
Q68: What is the advantage of using the
Q69: What is a common reported type of
Q70: The following audit procedure tests primarily which
Q129: It is common to use a combination