For accounts receivabland sales, analytical procedurprovide evidence that relatto:

Question

Quizplus · Accepted Answer

Analytical procedures can provide evidence for all three assertions related to accounts receivable and sales. They can help to confirm the existence or occurrence of transactions by comparing sales figures with previous periods or industry benchmarks. They can also provide evidence for the completeness assertion by comparing sales figures with inventory levels or customer orders. Finally, analytical procedures can help to confirm the valuation or measurement assertion by analyzing changes in sales prices or discounts, account balances, and bad debt reserves. Therefore, option D, all of the above, is the best choice.

For Accounts Receivabland Sales, Analytical Procedurprovide Evidence That Relatto