Customers purchasing products through a companys website generally pay for those goods by providing their personal credit

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Customers purchasing products through a company’s website generally pay for those goods by providing their personal credit card information. Describe how a company’s sale of products through its website affects the auditor’s tests of accounts receivable in the financial statement audit.
Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...
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Auditing The Art and Science of Assurance Engagements

ISBN: 978-0133098235

12th Canadian edition

Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Ingrid B. Splettstoesser

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