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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
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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 amrks
Recommend the actions to be taken by the auditor, including the further evidence whir ould be obtained.
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