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Audit documentation often includes a client-prepared, aged trial balance of accounts receivable as of the balance sheet date. The audit team uses this aging primarily

Audit documentation often includes a client-prepared, aged trial balance of accounts receivable as of the balance sheet date. The audit team uses this aging primarily to:

verify the existence of the recorded receivables.

estimate credit losses.

evaluate internal control over credit sales.

test the accuracy of recorded charge sales.

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