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ou are auditing a client that supplies electrical products to retail stores and electrical contractors throughout the country. The client keeps its accounts receivable records on a computer system, which is updated at the end of each business day. You plan to audit accounts receivable balance as at the end of the financial year, and you have a generalised audit software (GAS) package available to help in this task. Required: Identify ten (10) substantive audit procedures that you could perform using generalised audit software (GAS) in relation to auditing the accounts receivable acc

ou are auditing a client that supplies electrical products to retail stores and electrical contractors throughout the country. The client keeps its accounts receivable records on a computer system, which is updated at the end of each business day. You plan to audit accounts receivable balance as at the end of the financial year, and you have a generalised audit software (GAS) package available to help in this task. Required: Identify ten (10) substantive audit procedures that you could perform using generalised audit software (GAS) in relation to auditing the accounts receivable acc

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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You are auditing a client that supplies electrical products to retail stores and electrical contractors throughout the country.
The client keeps its accounts receivable records on a computer system, which is updated at the end of each business day.
You plan to audit accounts receivable balance as at the end of the financial year, and you have a generalised audit software (GAS) package available to help in this task.
Required:
Identify ten (10) substantive audit procedures that you could perform using generalised audit software (GAS) in relation to auditing the accounts receivable account.

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