Each client misstatement in accounts receivable must be analyzed to determine whether it was consistent with the original assessed level of control risk.

Question

Quizplus · Accepted Answer

Each misstatement in accounts receivable should be analyzed to identify whether it is consistent with the previously identified control risk. By doing so, an auditor can evaluate the effectiveness of controls over accounts receivable and determine the need for further audit procedures.

Each Client Misstatement in Accounts Receivable Must Be Analyzed to Determine