What is the effect on the substantive tests of accounts receivable when the risk of material misstatement

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What is the effect on the substantive tests of accounts receivable when the risk of material misstatement is assessed as low rather than high because a client has effective internal controls?
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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...
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Auditing A Risk Based Approach to Conducting a Quality Audit

ISBN: 978-1305080577

10th edition

Authors: Karla Johnstone, Audrey Gramling, Larry E. Rittenberg

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