Part 1 Background One year has passed and it is now time to begin the 2016 audit Tech Wear's business has continued to xpand Our initial analysis of 2016 data indicates a much greater risk in accounts receivable ( compared with 2015 ) . When the audit team discussed this with company management , we were reminded that last ear's accounts receivable proved to be fully collectible and we were assured that this year accounts ecervable would also prove to be fully collectible as well Management indicated that similar to 2015 to 201 here have been no product returns or accounts written off in 2016