An auditor is required to confirm accounts receivable if the accounts receivable balances are?

Communiquez avec les autres et partagez vos connaissances professionnelles

Inscrivez-vous ou connectez-vous pour rejoindre votre communauté professionnelle.

Next Question:
XYZ Co. had the following sales and accounts receivable balances, prior to any a...
Posted by:
Moataz Ali Sobhi
15-February-2015

a. Older than the prior year. b. Material to the financial statements. c. Smaller than expected. d. Subject to valuation estimates.

Team Management Financial Accounting Internal Audit Financial Management Financial Systems Implementation

Question ajoutée par Utilisateur supprimé
Date de publication: 2013/08/25

Apprécier (4) Vues (18) Suiveurs (3) Réponses (4) Report Question

Ajoutez Une Réponse
Inscrivez-vous ou connectez-vous pour répondre.

4 Réponses

Utilisateur supprimé

par Utilisateur supprimé

The adequacy of the disclosure of the related party transactions

Déprécier Réponses () Rapport

Farhan uddin Khilji

par Farhan uddin Khilji , Head of Internal Audit , ABV Rock Group Co. Ltd.

Material to the financial statements. Please note that sending cofirmations is not a primay audit procedure any more. If the auditor is able to verify through other alternatives (such as verifying subsequent payment etc.) then there is no need to send confirmation even if the balance is material.

Déprécier Réponses () Rapport

par Ghulam Mustafa , Finance Manager , Al Hamli Group of Companies

Material to the financial statements.

Déprécier Réponses () Rapport

Galal Galal kamal ahmed abozed

par Galal Galal kamal ahmed abozed , مدير موقع , ابوزيد للانظمه الامنيه

c.
Smaller than expected.

Déprécier Réponses () Rapport

Recherches Populaires

Offres d'Emploi Vendeur Offres d'Emploi Ingénieur Offres d'Emploi Technicien Offres d'Emploi Comptable Offres d'Emploi Chauffeur

Ecrivez Votre Réponse

More Questions Like This

Which of the following describes how the objective of a review of financial statements differs from the objective of a compilation engagement?
Top Answer: <p>1. Compilation: Presenting financial statements that are the presentation of management without ... Voir Plus

Réponses (8)
On which financial statement would you expect to find Allowance for Doubtful Accounts?
Top Answer: Balance Sheet or Statement of Financial Position Voir Plus

Réponses (9)
Why are increases in accounts receivable a cash reduction on the cash flow statement?
Top Answer: Increase in accounts receivable means decrease in cash receipts or inflows so thats why cash flow stateme ... Voir Plus

Réponses (3)
Big companies,required to audit their financial statements by public accounting firms, Which of the following best describes why attestation required?
Top Answer: b. The big companies require to audit financial statements by public accounting firm because an Investo ... Voir Plus

Réponses (25)

Avez-vous besoin d'aide pour créer un CV ayant les mots-clés recherchés par les employeurs?

Obtenir de l'aide