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Recommend a substantive test that would be most appropriate for: Account receivables where a company faces a cash flow risk if the receivables become uncollectible
Recommend a substantive test that would be most appropriate for:
- Account receivables where a company faces a cash flow risk if the receivables become uncollectible and prior year's audit documentation shows that debtors do not respond to requests to confirm accounts receivable balances.
- Inventories where there could be a material misstatement on the value of the inventory and on the inventory costing methods.
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