Which of the following procedures is least likely to help auditors to assess the adequacy of management's accounting estimate of the allowance for doubtful accounts?

A. Investigate credit ratings for large accounts receivable.
B. Review accounts which have been written off as uncollectible prior to year-end.
C. Discuss with the credit manager the current status of doubtful accounts.
D. Investigate confirmation exceptions for indication of amounts in dispute.


Answer: B

Business

You might also like to view...

Every accounting transaction affects both the balance sheet and the income statement

a. True b. False Indicate whether the statement is true or false

Business

When using the BCG matrix, a business that currently holds a large market share in a rapidly growing market and that has minimal or negative cash flow is described as a:

A. cow. B. problem child. C. star. D. dog.

Business

Too many territories lead to salespeople fighting over the geographic boundaries

Indicate whether the statement is true or false

Business

The greatest disadvantage of tailored applications is their _____.

Fill in the blank(s) with the appropriate word(s).

Business