To Determine Whether Any Accounts Receivable Are Pledged or Assigned

question 48

Multiple Choice

To determine whether any accounts receivable are pledged or assigned to others,the auditor would most likely perform which of the following procedures?

• A)Examine subsequent collections.
• B)Test a sample of transactions to the general ledger.
• C)Review loan agreements and board of directors' meeting minutes.
• D)Derive an independent estimate of the allowance and compare it to pledged assets.

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Definitions:

Socially Constructed

A concept or perception that is created and developed by society through cultural and social practices, rather than existing inherently.

Patriarchal

Describing a societal structure or system in which men hold the majority of power and authority, particularly in the home and in the wider society.

Masculinity

A set of attributes, behaviors, and roles often associated with boys and men, shaped by social, cultural, and biological factors, and subject to evolving definitions.

Organizational Scholars

Experts or academics who study the behavior, design, and culture of organizations and how they operate.