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During an audit, certain revenue and expense accounts are verified in conjunction with the audit of balance sheet accounts. a. Discuss three revenue accounts

  

 







During an audit, certain revenue and expense accounts are verified in conjunction with the audit of balance sheet accounts. a. Discuss three revenue accounts that are verified during the audit of balance sheet accounts. Include in your discussion, the related balance sheet accounts and the relationship between those accounts and the revenue accounts. b. Discuss three expense accounts that are verified during the audit of balance sheet accounts. Include in your discussion, the related balance sheet accounts and the relationship between those accounts and the expense accounts. c. Miscellaneous Revenue is typically reviewed by the auditor due to the tendency for clients to include items in that account by mistake. Identify three items that are often misclassified as miscellaneous revenue.

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a Three revenue accounts that are checked during the review of asset report accounts include 1 Accounts Receivable Accounts receivable addresses revenue that has been perceived however not yet gathere... blur-text-image

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