You are conducting an audit and have obtained the following figures with respect to sales and accounts receivable:
2015 2014
Accounts receivable $ 3 343 000 $ 2 694 000
Allowance for doubtful accounts 212 150 207 660
Sales 25 640 000 24 630 000
Required:
A) What are the audit implications of these figures?
B) Identify key audit steps that you would perform for any of the above accounts.

Question

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The Answer of You are conducting an audit and have obtained the following figures with respect to sales and accounts receivable:
2015 2014
Accounts receivable $ 3 343 000 $ 2 694 000
Allowance for doubtful accounts 212 150 207 660
Sales 25 640 000 24 630 000
Required:
A) What are the audit implications of these figures?
B) Identify key audit steps that you would perform for any of the above accounts.

You Are Conducting an Audit and Have Obtained the Following