2. Based on your review of the account receivable - test of control procedures (workpapers AR.2.1 to AR.2.4), you believe that there were some issues with the audit work performed. You decide to review in detail the auditing procedures from the audit program and the related documentation. You are particularly concerned about their implementation of the attribute
2. Based on your review of the account receivable - test of control procedures (workpapers AR.2.1 to AR.2.4), you believe that there were some issues with the audit work performed. You decide to review in detail the auditing procedures from the audit program and the related documentation. You are particularly concerned about their implementation of the attribute
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:2. Based on your review of the account
receivable - test of control procedures
(workpapers AR.2.1 to AR.2.4), you
believe that there were some issues
with the audit work performed. You
decide to review in detail the auditing
procedures from the audit program
and the related documentation. You
are particularly concerned about their
implementation of the attribute
sampling procedures-their sample
selection process and evaluation of the
results. Identify any of the following
issues: a. Did they perform all of the
steps associated with the audit
program? b. Did they perform the
steps accurately? If not, then
specifically state the nature of the
problem and follow up on it to the
extent possible with the information
given. c. Do you see any other issues
or problems with the auditors' work or
client documentation?
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