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The tests of details of balances for accounts receivable are intended to satisfy the following audit objectives Click to view the audit objectives.) For the

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The tests of details of balances for accounts receivable are intended to satisfy the following audit objectives Click to view the audit objectives.) For the following procedures, identity which audit objective each procedure is intended to satisfy. An audit objective may be selected more than once. If an input field is not used in the table, leave the input field empty, do not select a label) Audit objective(8) Audit procedure 2. Add the columns in the aged trial balance and compare the total with that in the general ledger b. Talk to the sales manager to find out whether any sales allowances that were granted after the balance sheet date could apply to the current period, c. Compare the date on a sample of shipping doouments throughout the year with related duplicate sales invoices and the accounts receivable master fle d. Compare the date on a sample of shipping documents a few days before and after the balance sheet date with related sales journal transactions e. Review minutes of board meetings and loan documents to see if accounts receivables have been sold or used as collateral 1. Send positive confirmations to a large sample of the client's debtors, requesting that they confirm the existence and amounts of their outstanding receivables ewor Homi More info - 1. Accounts receivable are correctly added and agree with the master file and the general ledger 2. Recorded accounts receivable exist. 3. Existing accounts receivable are included. 4. Accounts receivable are accurate. 5. Accounts receivable are properly classified. 6. Cutoff for accounts receivable is correct. 7. Accounts receivable is stated at realizable value. 8. The client has rights to accounts receivable. ng nts me It ne Audit objective(s) ger. che licate 1. nce sheet DOIDO 2. e been 3. onfirm the 4. 5. 6. 7. 8. Clear all Chec

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