Chapter 16, Problem 23.3MCQ

The following questions concern auditor responsibilities related to the audit of accounts receivable. Choose the best response.

An auditor who is auditing accounts receivable would least likely perform which of the following tests?

1. (1) Select cash disbursements made shortly after year end and examine the supporting documentation such as receiving reports and vendor invoices.
2. (2) Confirm a sample of accounts receivables with the customers that owe the balances.
3. (3) Vouch cash receipts to the accounts receivables transactions.
4. (4) Obtain an aged trial balance of accounts receivable and trace the total to the general ledger control account.