Accounts Receivable Risks in the Financial Statements,there Are Many Risks

question 39

Essay

Accounts receivable risks In the financial statements,there are many risks associated with an audit that must be considered.Identify and discuss five separate risks that may exist related to accounts receivable.

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Definitions:

Executable Program

A file containing code that a computer's operating system can directly execute.

Machine Language

The lowest-level programming language, consisting of binary or hexadecimal codes that a computer's processor directly executes.

Procedural Language

A type of programming language designed to execute sequences of statements or instructions using a procedural approach.

Procedures

Named sections of code designed to perform a specific task, similar to functions, but sometimes without returning a value.