Purchase Solution

Existence & Rights Assertions, Auditing Accounts Receivable

Not what you're looking for?

Ask Custom Question

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

Purchase this Solution

Solution Preview

Why is important to place emphasis on the existence and rights (ownership) assertions when auditing accounts receivable?

This is because if the auditor is to validate what the client is saying- that they have exists in their accounts receivable (AR) balance, the auditor needs to prove that the AR exists and is owned by the client. This is generally done ...

Purchase this Solution


Free BrainMass Quizzes
Cost Concepts: Analyzing Costs in Managerial Accounting

This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.

SWOT

This quiz will test your understanding of the SWOT analysis, including terms, concepts, uses, advantages, and process.

Transformational Leadership

This quiz covers the topic of transformational leadership. Specifically, this quiz covers the theories proposed by James MacGregor Burns and Bernard Bass. Students familiar with transformational leadership should easily be able to answer the questions detailed below.

IPOs

This Quiz is compiled of questions that pertain to IPOs (Initial Public Offerings)

Employee Orientation

Test your knowledge of employee orientation with this fun and informative quiz. This quiz is meant for beginner and advanced students as well as professionals already working in the HR field.