Once a CPA has determined that accounts receivable have increased because of slow collections in a tight

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Once a CPA has determined that accounts receivable have increased because of slow collections in a “tight money” environment, the CPA would be likely to

a. Increase the balance in the allowance for doubtful accounts.

b. Review the going concern ramifications.

c. Expand tests of subsequent collections.

d. Review the credit and collection policy.

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Auditing Integrated Concepts And Procedures

ISBN: 9781260299397

5th Edition

Authors: Donald H. Taylor, G. William Glezen

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