You Are Conducting an Audit and Have Obtained the Following

Essay

You are conducting an audit and have obtained the following figures with respect to sales and accounts receivable:
$$\begin{array} { l r r r } & \mathbf { 2 0 1 5 } & \mathbf { 2 0 1 4 } \\\text { Accounts receivable } &\$ \mathbf { 3 } 343000 & \$ 2694000 \\\text { Allowance for doubtful accounts } & 212150 & 207660 \\\text { Sales } & 25640000 & 24630000\end{array}$$
Required:
A) What are the audit implications of these figures?
B) Identify key audit steps that you would perform for any of the above accounts.