AR 7 Evaluate the allowance for uncollectible accounts. A. Evaluate the client's policy for setting an estimate on 7Es ozlulaons collecting overdue accounts. Investigate any changes from prior year. TES 021412013 B. Evaluate the collectability of significant AR balances ARI by reviewing subsequent payments. 7ES C. Develop our own estimate and compare to the client's of TES 02142013 i. Compare both the dollar amount and estimate uncollectability for each aging category to prior year's balances and estimates of uncollectability percentages. ii. Select and review the 5 largest customer 7ES 02 412013 HR 21 accounts. Review for late payments, credit ratings and approval, and any unusual transactions through the year especially at year end. ART Comput a cor IS Audit Program: pg 7 of Garcia and Foster Audit Workpaper 16 AR 7 Evaluate the allowance for uncollectible accounts. A. Evaluate the client's policy for setting an estimate on 7Es ozlulaons collecting overdue accounts. Investigate any changes from prior year. TES 021412013 B. Evaluate the collectability of significant AR balances ARI by reviewing subsequent payments. 7ES C. Develop our own estimate and compare to the client's of TES 02142013 i. Compare both the dollar amount and estimate uncollectability for each aging category to prior year's balances and estimates of uncollectability percentages. ii. Select and review the 5 largest customer 7ES 02 412013 HR 21 accounts. Review for late payments, credit ratings and approval, and any unusual transactions through the year especially at year end. ART Comput a cor IS Audit Program: pg 7 of Garcia and Foster Audit Workpaper 16