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If You Were to Perform the Following Audit Procedure-Review Accounts

question 49

Essay

If you were to perform the following audit procedure-review accounts receivable trial balance for large and unusual receivables-what balance-related audit objective would this relate to?


Definitions:

Supervisor

An individual with managerial authority responsible for overseeing and guiding the work of others.

Inventory Manager

A person or software responsible for overseeing the ordering, storing, and managing of a company's inventory or stock.

Stock Boys

Employees responsible for stocking shelves, organizing products, and maintaining inventory in retail stores.

Monthly Revenues

The total income generated by a business, organization, or individual from all sources before any expenses are subtracted, calculated on a monthly basis.

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