Below is audit procedure, all of which is test of balances associated with the audit of accounts receivable. Also below are the eight general balance- related audit objectives and the four management assertions. For each audit procedure, indicate (1) its audit objective, and (2) the management assertion being tested.
-Inquire as to whether any accounts receivable have been factored or sold during the period.

Question

Below is audit procedure, all of which is test of balances associated with the audit of accounts receivable. Also below are the eight general balance- related audit objectives and the four management assertions. For each audit procedure, indicate (1) its audit objective, and (2) the management assertion being tested. 
-Inquire as to whether any accounts receivable have been factored or sold during the period.

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The Answer of Below is audit procedure, all of which is test of balances associated with the audit of accounts receivable. Also below are the eight general balance- related audit objectives and the four management assertions. For each audit procedure, indicate (1) its audit objective, and (2) the management assertion being tested. 
-Inquire as to whether any accounts receivable have been factored or sold during the period.

Below Is Audit Procedure, All of Which Is Test of Balances