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Omitting to Record Sales Case The auditor is considering confirming zero-balance accounts from the auditees...

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Accounting

Omitting to Record Sales Case

The auditor is considering confirming zero-balance accounts from the auditees accounts receivable subledger to provide evidence concerning the completeness assertion for accounts receivables and sales

Required:

a. What are the advantages and limitations of this procedure?

b. How would the decision to use this procedure relate to the auditors control assessment? Discuss the kinds of controls the auditee would be expected to have and the procedures the auditor could use to test them.

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