Multiple Choice
Existence of trade receivables is usually verified by:
A) examining copies of sales invoice sent to the client's customers.
B) sending confirmations to the client's customers.
C) calculating changes in the receivables balance from one year to the next.
D) evaluating the adequacy of the provision for doubtful debts.
Correct Answer:
Verified
Correct Answer:
Verified
Q18: The additional opportunities for influencing the timing
Q19: Which of the following are substantive tests
Q19: Physically sighting fixed assets enables the auditor
Q20: When substantive tests performed identify errors or
Q22: Ensuring that all property, plant and equipment
Q23: When the assessment of inherent and control
Q25: When performing substantive procedures, the key objective
Q39: When trade receivables is a significant account
Q42: Prepayments are audited by vouching the balance
Q50: Accounts that are clearly trivial or immaterial