Completing The Tests in The Sales and Collection Cycle: Accounts Receivable
Completing The Tests in The Sales and Collection Cycle: Accounts Receivable
Completing The Tests in The Sales and Collection Cycle: Accounts Receivable
Chapter 16
Realizable Presentation
Rights
value and disclosure
and disclosure
Completeness
Classification
Presentation
Detail tie-in
Realizable
Existence
Accuracy
Rights
Translation-related
Cutoff
value
audit objectives
Sales
Existence
Completeness
Accuracy
Classification
Timing
Posting/Summary
2006 Prentice Hall Business Publishing, Auditing 11/e, Arens/Beasley/Elder 16 - 7
Relationship Between Sales and
Accounts Receivable
Accounts receivable balance-related audit objectives
and disclosure
Completeness
Classification
Presentation
Detail tie-in
Realizable
Existence
Accuracy
Rights
Translation-related
Cutoff
value
audit objectives
Cash receipts
Existence
Completeness
Accuracy
Classification
Timing
Posting/Summary
2006 Prentice Hall Business Publishing, Auditing 11/e, Arens/Beasley/Elder 16 - 8
Learning Objective 2
Positive confirmation
Invoice confirmation
Negative confirmation
Tolerable misstatement
Inherent risk
Control risk
Type of confirmation