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In the Audit of Accounts Receivable, List the Factors That

question 41

Essay

In the audit of accounts receivable, list the factors that affect the planned detection risk for tests of details of balances.


Definitions:

Information Technology

The use of computers and software to manage information, including data processing, storage, and transmission.

Software Code

The written commands and instructions that tell a computer how to perform specific tasks and operations.

Client Control

The extent to which clients can influence, manage, or direct the services or products they are receiving.

Product

An item or service developed, manufactured, or provided to fulfill the needs or desires of consumers.

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