You are the audit manager in charge of auditing the accounts of Brussels Ltd.Materiality for the audit has set at $300,000.Balance date was 30 June 2020.It is the 25th of August 2020 and you are at the client's premises to undertake the audit.The pre-audited balance of accounts receivable for Brussels Ltd as at 30 June 2020 is $925,000.The audited balance of accounts receivable as at 30 June 2019 was 590,000.

Required:

(a)Which assertion(s) related to accounts receivable is the risk of material misstatement likely to be greatest?Give appropriate reasons for the selected assertion(s).

(b)Suggest substantive procedures that you would use to verify the assertion(s) you identified in your answer to part (a).