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Which audit procedure would be used to test for the existence balance-related audit objective?
JSmith1
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Which audit procedure would be used to test for the existence balance-related audit objective?
Which audit procedure would be used to test for the existence balance-related audit objective?
▸ Trace ten accounts from the aged trial balance to the accounts receivable master file.
▸ Confirm accounts receivable.
▸ Review large sales returns and allowances before and after the balance sheet date.
▸ Trace ten accounts from the trial balance to the accounts on the master file.
Textbook
Auditing and Assurance Services
Edition:
17
th
Authors:
Arens, Elder, Beasley, Hogan
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Confirm accounts receivable.
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JSmith1
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Good timing,
thanks!
ediblefruitz
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Helped a lot
gage
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Just got PERFECT on my quiz
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