Which one of the following is NOT an accounts receivable balance-related audit objective?
A) Recorded accounts receivable exist.
B) Internal controls for accounts receivable are adequate.
C) Accounts receivable is stated at realisable value.
D) The client has rights to accounts receivable.

Question

Quizplus · Accepted Answer

The objective related to internal controls for accounts receivable focuses on whether the controls are designed and implemented to prevent or detect material misstatements in accounts receivable. This is not directly related to the balance of accounts receivable. The other three objectives all pertain to the existence, valuation, and rights of accounts receivable balances.

Which One of the Following Is NOT an Accounts Receivable