Identify the reason behind auditors being less concerned about client’s cash receipts cutoff than the cutoff for sales. Also, describe the procedure involved in testing the cutoff for cash receipts.

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Chapter 23, Problem 8RQ

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Identify the reason behind auditors being less concerned about client’s cash receipts cutoff than the cutoff for sales. Also, describe the procedure involved in testing the cutoff for cash receipts.

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Answer 2

Question

Chapter 23, Problem 8RQ

To determine

Identify the reason behind auditors being less concerned about client’s cash receipts cutoff than the cutoff for sales. Also, describe the procedure involved in testing the cutoff for cash receipts.

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Answer 3

Question

Chapter 23, Problem 8RQ

To determine

Identify the reason behind auditors being less concerned about client’s cash receipts cutoff than the cutoff for sales. Also, describe the procedure involved in testing the cutoff for cash receipts.

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Answer 4

Question

Chapter 23, Problem 8RQ

To determine

Identify the reason behind auditors being less concerned about client’s cash receipts cutoff than the cutoff for sales. Also, describe the procedure involved in testing the cutoff for cash receipts.

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Answer 5

Chapter 23, Problem 8RQ

To determine

Identify the reason behind auditors being less concerned about client’s cash receipts cutoff than the cutoff for sales. Also, describe the procedure involved in testing the cutoff for cash receipts.

Answer 6

Chapter 23, Problem 8RQ

To determine

Identify the reason behind auditors being less concerned about client’s cash receipts cutoff than the cutoff for sales. Also, describe the procedure involved in testing the cutoff for cash receipts.

Answer 7

Chapter 23, Problem 8RQ

To determine

Identify the reason behind auditors being less concerned about client’s cash receipts cutoff than the cutoff for sales. Also, describe the procedure involved in testing the cutoff for cash receipts.

Answer 8

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Answer 9

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Answer 11

Ch. 23 - Explain the relationships among the initial...Ch. 23 - Prob. 2RQ Ch. 23 - Prob. 3RQ Ch. 23 - Prob. 4RQ Ch. 23 - Prob. 5RQ Ch. 23 - Prob. 6RQ Ch. 23 - Prob. 7RQ Ch. 23 - Prob. 8RQ Ch. 23 - Prob. 9RQ Ch. 23 - Prob. 10RQ

Identify the reason behind auditors being less concerned about client’s cash receipts cutoff than the cutoff for sales. Also, describe the procedure involved in testing the cutoff for cash receipts.

Solution Summary: The author explains that auditors are less concerned about client's cash receipts cutoff than the cut off for sales. Internal control is more effective than sales controls.

Identify the reason behind auditors being less concerned about client’s cash receipts cutoff than the cutoff for sales. Also, describe the procedure involved in testing the cutoff for cash receipts.

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Chapter 23 Solutions