Accounts receivable presentation and disclosure Develop a list of substantive tests to test whether pledged, discounted, assigned, and related-party accounts receivable are properly disclosed
The substantive procedures that would be used to determine whether all appropriate disclosures are made concerning accounts receivable and sales would include the following:
? obtain confirmations from banks and financial institutions.
? inquire of management.
? review work performed in other audit areas.
? review trial balance of accounts receivable for related parties.
You might also like to view...
During an interview, Todd was asked by a potential employer for an example of how Todd had met a very short deadline. This is a type of
a. traditional question. b. behavioral question. c. scripted question. d. pressure question.
______ describes the degree to which a culture emphasizes the future or the past and present.
a. Short-term-Long-term b. Uncertainty avoidance c. Individualism-Collectivism d. Indulgence-Restraint
Negative float exists when a project's critical path has been completed more quickly than anticipated
Indicate whether the statement is true or false
A person who is considered high in job readiness has the self-motivation and desire to do high-quality work.
Answer the following statement true (T) or false (F)