then, discuss the statement content, stating examples of substantive analytical procedures which might indicate risks of misstatements in accounts receivable:

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Plz don’t make answer long ??
You
are required
to read the
following statement carefully, and
then, discuss the statement content,
stating examples of substantive
analytical procedures which might
indicate risks of misstatements in
accounts receivable:
“Auditors
perform
substantive
analytical procedures for the entire
sales and collection cycle, including
accounts receivable. This is necessary
because of the close relationship
between income
balance sheet accounts".
statement
and
Transcribed Image Text:You are required to read the following statement carefully, and then, discuss the statement content, stating examples of substantive analytical procedures which might indicate risks of misstatements in accounts receivable: “Auditors perform substantive analytical procedures for the entire sales and collection cycle, including accounts receivable. This is necessary because of the close relationship between income balance sheet accounts". statement and
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