Question

Review the account receivable lead sheet memo and related workpapers (AR.3.1 through AR.3.4). Evaluate the auditor's tick marks, comments and explanations in the memo and on the lead sheet. This question relates to Step 4 of the Garcia and Foster Audit Plan. Identify any of the following issues: a. Did they perform all of the steps associated with the AR.3 audit procedure? b. Did they perform the steps accurately? If not, then specifically state the nature of the problem and follow up on it to the extent possible with the information given. c. Do you see any other issues or problems with the auditors' work or client documentation?.