The Audit Working Papers Often Include a Client-Prepared, Aged Trial

question 107

Multiple Choice

The audit working papers often include a client-prepared, aged trial balance of accounts receivable as of the balance sheet date.This aging is BEST used by the auditor to:

• A) evaluate internal control over credit sales.
• B) estimate credit losses.
• C) test the accuracy of recorded charge sales.
• D) verify the validity of the recorded receivables.

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Definitions:

Rows

A horizontal group of cells in a table or a spreadsheet, or a horizontal line of data in a database.

Method Definition

The part of a program that specifies the operations that can be performed on or by an object, and the actions taken when the method is invoked.

ListSize

The total number of elements that a list can contain at any given point in time.

Double[]

An array data structure that can hold multiple values, specifically of the double data type, which is used for storing double precision floating point numbers.