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Existence & Rights Assertions - Auditing Accounts Receivable

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Why is it important to place emphasis on the existence and rights (ownership) assertions when auditing accounts receivable?Which audit procedures are usually the most useful for auditing the existence and rights assertions? What analytical procedures might be informative regarding the existence assertion?

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The expert examines auditing accounts receivables for existence and right assertions.

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I used to be an auditor for PricewaterhouseCoopers and had to audit accounts receivable balances for many clients, so I think I'm qualified to answer this question for you.

Why is it important to place emphasis on the existence and rights assertions when auditing AR?

Because if the auditor is to validate what the client is saying that they have exists in their AR balance, the auditor ...

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