Question
QUESTION 1) (20 pts) The amount of allowance for accounts receivable increased from the prior year, but the allowance as a percentage of accounts receivable
QUESTION 1) (20 pts)
- The amount of allowance for accounts receivable increased from the prior year, but the allowance as a percentage of accounts receivable decreased from the prior year.
- Total bank loans increased from the prior year, but total interest expense decreased as a percentage of bank loans.
REQUIRED: Evaluate the potential significance of each of the changes in ratios or trends identified in your analysis on the fair presentation of financial statements. As an auditor do you see any issue about the above listed findings so that you will focus more on accounts receivables and bank loans during the audit? Use the following answer sheet.
CASE 1 Yes there is issue because I believe that this is the results of ./ No there is no issue because I believe that this is the results of . (10 pts, 100 words)
CASE 2 Yes there is issue because I believe that this is the results of ./ No there is no issue because I believe that this is the results of . (10 pts, 100 words)
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Audit Criteria For Electronic Document Management Processes And Associated IT Solutions
Authors: Alexander D Balzer, Dr Klaus-Peter Elpel, Volker Feist
5th Edition
3932898281, 978-3932898280
