What audit procedure does the auditor use to examine the valuation of accounts receivable Specifically, what steps does the auditor perform related to the aged accounts receivable trial balance ...

1 Evaluate managements assumptions regarding collectability of the different categor ...

What audit procedure does the auditor use to examine the valuation of accounts receivable? Specifically, what steps

Question:

What audit procedure does the auditor use to examine the valuation of Specifically, what steps does the auditor perform related to the aged trial balance?

Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...