For accounts receivables and sales, analytical procedures provide evidence that relates to:
A) existence or occurrence assertion.
B) completeness assertion.
C) valuation or measurement assertion.
D) all of the above.

Question

Quizplus · Accepted Answer

Analytical procedures for accounts receivables and sales can provide evidence related to existence or occurrence (ensuring the receivables and sales actually happened), completeness (ensuring all receivables and sales that should have been recorded were recorded), and valuation or measurement (ensuring receivables and sales are recorded at the correct amounts).

For Accounts Receivables and Sales, Analytical Procedures Provide Evidence That