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Title: In the planning phase, Denis conducted an analytical procedure to compare the allowance for doubtful ... Post by: eFishie on Jul 19, 2017 In the planning phase, Denis conducted an analytical procedure to compare the allowance for doubtful accounts balance to the accounts receivable balance. In the prior years, the allowance for doubtful accounts/ accounts receivable ratio was between 2.5% to 3.5%. This year, the number is 1.25%. What should Denis do?
A) Change the assessed inherent risk B) Conduct additional testing to justify the lower bad debt C) Advise management that they should increase the allowance for doubtful accounts provision D) Document this difference and continue with audit work to see if this is pervasive bias of management Title: Re: In the planning phase, Denis conducted an analytical procedure to compare the allowance for ... Post by: victrox on Jul 19, 2017 Content hidden
Title: Re: In the planning phase, Denis conducted an analytical procedure to compare the allowance for ... Post by: Ksenia Chepurnova on Apr 17, 2020 super
Title: Re: In the planning phase, Denis conducted an analytical procedure to compare the allowance for ... Post by: Jared Wilson on Jun 1, 2020 ty
Title: Re: In the planning phase, Denis conducted an analytical procedure to compare the allowance for ... Post by: Jake Vogel on Jun 25, 2020 Awesome!
Title: Re: In the planning phase, Denis conducted an analytical procedure to compare the allowance for ... Post by: Edi Mena on Nov 6, 2020 nice
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