Intervention Parties Receivable

Procedure	Assertions		Type of Evidence		Action
Test the adequacy of the allowance for uncollectible accounts
Perform the following 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 and perform the following
Select customer accounts from the aged trial balance for confirmation procedures and perform the following
Process the confirmation replies and summarize the results of confirmation procedures as follows
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, and perform the following
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 and, if so, perform the following
Perform the following 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 in addition to the ones listed above
If disclosures about fair value are required, or the entity chooses to provide voluntary fair value information, perform the following
For notes and accounts receivable with maturities greater than one year, perform the following