Alternative Procedures That Would Provide Evidence of the Existence of Receivables

question 57

Multiple Choice

Alternative procedures that would provide evidence of the existence of receivables would include which of the following?

• A)Physical observation of customer facilities.
• B)Review of subsequent collections.
• C)Analysis of the aged trial balance.
• D)A confirmation to the client management for customer accounts.

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Definitions:

Statistical Links

Relationships or associations between two or more variables, which are typically explored and confirmed through statistical methods and analysis.

Sensitivity Analysis

A technique used to determine how different values of an independent variable affect a particular dependent variable under a given set of assumptions.

Marketing Databases

Collections of data and information regarding customers, potential customers, market trends, and competitor analysis, used to inform marketing strategies and campaigns.

Environmental Scan

The process of collecting and analyzing external and internal data to understand the market environment, including trends, opportunities, and threats.