List the Nine Balance-Related Audit Objectives in the Verification of the Ending

question 71

Essay

List the nine balance-related audit objectives in the verification of the ending balance in accounts receivable and provide one specific useful audit procedure for each of the objectives.

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Definitions:

Horizontal Communication

The exchange of information or collaboration across the same level of hierarchy within an organization or group.

Empathetic Listening

involves deeply understanding and reflecting the feelings and meanings communicated by another person, beyond just the spoken words.

Casual Listening

Listening for enjoyment or entertainment without seeking to critically analyze or evaluate the content.

Selective Listening

The process of listening to only parts of a message or paying attention only to messages that align with one’s own interests or beliefs.