Question
A new auditor is assigned to the allowance for doubtful accounts and perform the analytical procedures detailed in the chart. There have been no significant
A new auditor is assigned to the allowance for doubtful accounts and perform the analytical procedures detailed in the chart. There have been no significant changes during the year in either the client's credit policies or customer base. Are there any auditing concerns about adjusting the allowance for doubtful accounts based on the information shown below?
201820172016
Client/IndustryClient/IndustryClient/Industry
Allowance/AR8.3/7.28.5/7.48.3/7.4
Days AR Outstanding32.4/23.828.6/25.128.3/24.7
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Auditing A Practical Approach with Data Analytics
Authors: Raymond N. Johnson, Laura Davis Wiley, Robyn Moroney, Fiona Campbell, Jane Hamilton
1st edition
1119401747, 978-1119401742
