Auditing And Assurance Services
Auditing And Assurance Services
17th Edition
ISBN: 9780134897431
Author: ARENS, Alvin A.
Publisher: PEARSON
bartleby

Concept explainers

Question
Book Icon
Chapter 16, Problem 6RQ
To determine

Identify the nine accounts receivable balance related audit objectives.

Blurred answer
Students have asked these similar questions
State four specific balance-related audit objectives for accounts payable and, for each objective, describe one common test of details of balances. (Auditing problem)
Below are five audit procedures, all of which are tests of transactions associated with the audit of the acquisition and payment cycle. Also below are the six general transaction-related audit objectives and the five management assertions. For each audit procedure, indicate (1) its audit objective, and (2) the management assertion being tested. Audit Objectives: A.  Occurrence B.  Completeness C.  Accuracy D.  Posting and Summarization E.  Classification F.  Timing Management Assertions: V.  Occurrence W.  Completeness X.  Accuracy Y.  Classification Z.  Cutoff Audit Procedures 1.  Foot the purchases journal and trace the totals to the related general ledger accounts.  __________________    ______________________  2.  Recompute the cash discounts taken by the client.  _____________________   _________________________ 3.  Compare dates on cancelled checks with the bank cancellation date.  _________________   __________________________ 4.  Trace from a sample of cancelled checks to the…
Suggest five reasons why there might be a difference between the balance on the payables ledger control account and the total of the list of accounts payables ledger balances.”
Knowledge Booster
Background pattern image
Accounting
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Auditing: A Risk Based-Approach (MindTap Course L...
Accounting
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Cengage Learning
Text book image
Financial Accounting
Accounting
ISBN:9781305088436
Author:Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:Cengage Learning
Text book image
Financial Accounting
Accounting
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Cengage Learning
Text book image
Quickbooks Online Accounting
Accounting
ISBN:9780357391693
Author:Owen
Publisher:Cengage