1. The eight accounts receivable balance-related audit objectives are:

1. Accounts receivables in the aged trial balance agree with related master file amounts, and the total added is correct and agrees with the general ledger. (Detail tie-in)

2. Recorded accounts receivables exist. (Existence)

3. 3. Existing accounts receivables are included. (Completeness)

4. Accounts receivables are accurate. (Accuracy)

5. Accounts receivables are correctly classified. (Classification)

6. Cutoff for accounts receivables are correct. (Cutoff)

7. Accounts receivables stated are at realizable value. (Realizable value)

8. The client has rights to accounts receivables. (Rights)

Required

Select any Five (5) out of eight (8) of the above, recommend an audit procedure to test each respective audit objective. 10 marks

Total 25 marks