Apple ID Settings Some account services will not be available untill you sign in again Check my work For this exercise, your client, Bright IDEAs Inc., has provided you with a listing of sales invoices. To test whether the client appears to have a receivables collectability problem, the auditor must complete a series of related steps: 1. Import the client's database of sales invoices (pp. 28-45 of the IDEA Workbook). 2. Perform an aging analysis by following the instructions on pp. 52-56 of the IDEA Workbook. ACC REC2015 ACCDB Required: answers exactly as they appear in IDEA) Complete all of the related steps shown above using IDEA After completing each step, answer the following questions. (Enter your a. Upon importing the ACC REC2015.ACCDB data file, what is the total Number of Records shown by IDEA? what is the Control Total for the GROSS AMT Field shown by IDEA? b. What percentage of customers have accounts that are aged greater than 90 days? c. What percentage of customer balances (net value) are aged greater than 90 days? d-1. Determine the effect that your findings in parts (b) and (c) would have on the auditor's assessment of the risk of material misstatement. d-2. Determine which of the given accounts and assertions are most likely influenced by your findings. Complete this question by entering your answers in the tabs below. Required A Reqs B and C Required D1 Required D2 Prev 1012 Scoreanswer> b. What percentage of customers have accounts that are aged greater than 90 days? c. What percentage of customer balances (net value) are aged greater than 90 days? d-1. Determine the effect that your findings in parts (to) and c would have on the auditor's assessment of the risk of material misstatement. d-2. Determine which of the given accounts and assertions are most likely influenced by your findings. Complete this question by entering your answers in the tabs below. Required A Reqs B and C Required D1 Required D2 a. Upon importing the ACC REC2015.ACCDB data file, what is the total Number of Records shown by IDEA? what is the Control Total for the GROSS AMT Field shown by IDEA? (Enter your answer for "GROSS AMT" to 2 decimal places.) Total Number of s shown by IDEA Reqs B and C> K Prev 1of 2l Score answer > e of customers have accounts that are aged greater than 90 days? b. What c. What percentage of customer balances (net value) are aged greater than 90 days? e the effect that your findings in parts (b) and (c) would have on the auditor's assessment of the risk of material d-2. Determine which of the given accounts and assertions are most likely influenced by your findings. Required A Regs B d C Required D1 b. What percentage of cust (Enter both answers as whole Required D2 (net value) are aged greater than 90 days? Prev1 of 2 ! -l. Delermlihe the e misstatement. d-2. Determine which of the given accounts and assertions are most likely influenced by your findings. tHect that your findings in parts (b) and (c) would have on the auditor's assessment of the risk Complete this question by entering your answers in the tabs below Required A Reqs B and C Required D1 Required D2 d-1. Determine the effect that your findings in parts (b) and (c) would have on the auditor's assessment of the risk c es material misstatement OAs a result of these findings, the risk of material misstatement should be assessed lower OAs a result of these findings, the risk of material misstatement should remain the same OAs a result of these findings, the risk of material misstatement should be assessed higher OAs a result of these findings, either the risk of misstatement should be assessed lower or the risk of misstatement should be assessed the same K Reqs B and C Required D2 b. What percentage of customers have accounts that are aged greater than 90 days? c. What percentage of customer balances (net value) are aged greater than 90 days? d-1. Determine the effect that your findings in parts (b) and (c) would have on the auditor's assessment of the risk of misstatement. d-2. Determine which of the given accounts and assertions are most likely influenced by your findings. pped Complete this question by entering your answers in the tabs below. Required A Reqs B and C Required D1 Required D2 rint d-2. Determine which of the given accounts and assertions are most likely influenced by your findings. The risk of material misstatement related to the completeness of accounts receivable is likely to be higher OThe risk of material misstatement related to the valuation of accounts receivable is likely to be higher OThe risk of material misstatement related to the completeness of accounts receivable is likely to be lower OThe risk of material misstatement related to the valuation of accounts receivable is likely to be lower K Required D1 Apple ID Settings Some account services will not be available untill you sign in again Check my work For this exercise, your client, Bright IDEAs Inc., has provided you with a listing of sales invoices. To test whether the client appears to have a receivables collectability problem, the auditor must complete a series of related steps: 1. Import the client's database of sales invoices (pp. 28-45 of the IDEA Workbook). 2. Perform an aging analysis by following the instructions on pp. 52-56 of the IDEA Workbook. ACC REC2015 ACCDB Required: answers exactly as they appear in IDEA) Complete all of the related steps shown above using IDEA After completing each step, answer the following questions. (Enter your a. Upon importing the ACC REC2015.ACCDB data file, what is the total Number of Records shown by IDEA? what is the Control Total for the GROSS AMT Field shown by IDEA? b. What percentage of customers have accounts that are aged greater than 90 days? c. What percentage of customer balances (net value) are aged greater than 90 days? d-1. Determine the effect that your findings in parts (b) and (c) would have on the auditor's assessment of the risk of material misstatement. d-2. Determine which of the given accounts and assertions are most likely influenced by your findings. Complete this question by entering your answers in the tabs below. Required A Reqs B and C Required D1 Required D2 Prev 1012 Scoreanswer> b. What percentage of customers have accounts that are aged greater than 90 days? c. What percentage of customer balances (net value) are aged greater than 90 days? d-1. Determine the effect that your findings in parts (to) and c would have on the auditor's assessment of the risk of material misstatement. d-2. Determine which of the given accounts and assertions are most likely influenced by your findings. Complete this question by entering your answers in the tabs below. Required A Reqs B and C Required D1 Required D2 a. Upon importing the ACC REC2015.ACCDB data file, what is the total Number of Records shown by IDEA? what is the Control Total for the GROSS AMT Field shown by IDEA? (Enter your answer for "GROSS AMT" to 2 decimal places.) Total Number of s shown by IDEA Reqs B and C> K Prev 1of 2l Score answer > e of customers have accounts that are aged greater than 90 days? b. What c. What percentage of customer balances (net value) are aged greater than 90 days? e the effect that your findings in parts (b) and (c) would have on the auditor's assessment of the risk of material d-2. Determine which of the given accounts and assertions are most likely influenced by your findings. Required A Regs B d C Required D1 b. What percentage of cust (Enter both answers as whole Required D2 (net value) are aged greater than 90 days? Prev1 of 2 ! -l. Delermlihe the e misstatement. d-2. Determine which of the given accounts and assertions are most likely influenced by your findings. tHect that your findings in parts (b) and (c) would have on the auditor's assessment of the risk Complete this question by entering your answers in the tabs below Required A Reqs B and C Required D1 Required D2 d-1. Determine the effect that your findings in parts (b) and (c) would have on the auditor's assessment of the risk c es material misstatement OAs a result of these findings, the risk of material misstatement should be assessed lower OAs a result of these findings, the risk of material misstatement should remain the same OAs a result of these findings, the risk of material misstatement should be assessed higher OAs a result of these findings, either the risk of misstatement should be assessed lower or the risk of misstatement should be assessed the same K Reqs B and C Required D2 b. What percentage of customers have accounts that are aged greater than 90 days? c. What percentage of customer balances (net value) are aged greater than 90 days? d-1. Determine the effect that your findings in parts (b) and (c) would have on the auditor's assessment of the risk of misstatement. d-2. Determine which of the given accounts and assertions are most likely influenced by your findings. pped Complete this question by entering your answers in the tabs below. Required A Reqs B and C Required D1 Required D2 rint d-2. Determine which of the given accounts and assertions are most likely influenced by your findings. The risk of material misstatement related to the completeness of accounts receivable is likely to be higher OThe risk of material misstatement related to the valuation of accounts receivable is likely to be higher OThe risk of material misstatement related to the completeness of accounts receivable is likely to be lower OThe risk of material misstatement related to the valuation of accounts receivable is likely to be lower K Required D1