Audit Program for Accounts Receivable

Procedure	Assertions	Type of Evidence	Action
Test the adequacy of the allowance for uncollectible accounts.
Perform analytical procedures for accounts receivable and investigate any significant fluctuations or deviations from the expected balances.
Prepare or obtain from the client an aged trial balance of trade accounts receivable.
Select customer accounts from the aged trial balance for confirmation procedures.
Process the confirmation replies and summarize the results of confirmation procedures.
For accounts receivable confirmed on a date other than the balance-sheet date, prepare or obtain from the client an analysis of transactions (e.g., cash receipts, sales) between the confirmation date and the balance-sheet date.
Determine whether any accounts or notes receivable have been pledged, assigned, or discounted.
Determine whether any accounts or notes receivable are owed by employees or related parties.
Perform sales cutoff procedures and ascertain those receivables are recorded in the proper accounting period.
If the auditor is concerned about the risk of fraud, audit procedures such as the following should be considered.
If disclosures about fair value are required, or the entity chooses to provide voluntary fair value information.
For notes and accounts receivable with maturities greater than one year.