ones External Auditors are currently working on the audit of Star Enterprises, Inc. Star Enterprises is a large nationwide retailer of arty supplies and sells largely on generous credit terms. During a monthly audit meeting among the audit partner assigned to the ingagement and the audit managers, the question has arisen about the large balances in accounts receivable for this client. Which of he following would be the most prudent course of action in auditing the accounts receivable account? Jones auditors should pay close attention to auditing the cutoff assertion of accounts receivable to ensure that the net realizable value of accounts receivable and associated allowance is realistic. The most likely course of action would be for Jones to consult with the client's internal audit function and request they audit all outstanding accounts receivable balances due to their increased familiarity with the client's major customers. Jones auditors will be primarily concerned with auditing the existence assertion of accounts receivable and the occurrence assertion relating to the revenue generation that preceded it. For liability reasons, Jones is most likely to advise Star Enterprises' senior management that it is not possible to effectively audit accounts recelvable, and will issue a qualified audit opinion accordingly