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Question 3 You are the audit manager with Firm & Associates, a firm of below occurred during the audit of one of your client. Trade

Question 3
You are the audit manager with Firm & Associates, a firm of below occurred during the audit of one of your client.
Trade receivables
Trade receivables recognised in the company's current assets includes a balance of GHs relating to a specific customer, Liability
Discussion with the credit controller who states that 'we are in discussions with Liability allowed this customer extended credit terms and they have always paid eventually.' Required:
a) In respect of the trade receivables:
Comment on the sufficiency and appropriateness of the audit evidence obtained, and (7 amrks)
Recommend the actions to be taken by the auditor, including the further evidence whir ould be obtained.
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