Multiple Choice
Existence of trade receivables is usually verified by:
A) calculating changes in the receivables balance from one year to the next.
B) examining copies of sales invoice sent to the client's customers.
C) sending confirmations to the client's customers.
D) evaluating the adequacy of the provision for doubtful debts.
Correct Answer:
Verified
Correct Answer:
Verified
Q23: Ensuring that accounts payable are stated at
Q24: Explain how substantive testing is used for
Q25: Ensuring that all property,plant and equipment owned
Q26: When substantive tests performed identify errors or
Q27: Observing the client's stocktake enables the auditor
Q29: The additional opportunities for influencing the timing
Q30: Investments can be vouched to supporting external
Q31: Auditors usually test for the existence of
Q32: When the assessment of inherent risk and
Q33: Testing the mathematical accuracy of the cash