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ACC - Audit of Accounts Receivable and Revenue




Question;This relates to our studies involving the audit of Accounts Receivable and Revenue. For purposes of the project, you are to perform the following ?1. Identify the documents likely to be used by your audit client (e.g., Customer purchase orders, etc.) to memorialize the significant elements of this transaction cycle.2. In narrative form, describe the document flow (from client department to department) from the beginning to the end of this transaction cycle.3. Identify the controls you would generally expect to see in place relating to these documents and transaction milestones.4. Describe the test of controls that you would utilize to determine whether the controls that you identified in no. 3 above are operating effectively.5. Describe the substantive audit procedures you would utilize to audit this transaction cycle.


Paper#39306 | Written in 18-Jul-2015

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