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    Existence & Rights Assertions, Auditing Accounts Receivable

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    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?

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    https://brainmass.com/business/external-auditing/existence-rights-assertions-auditing-accounts-receivable-158924

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    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 ...

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