Accounts receivable balance-related audit

Reference no: EM13143308

How does accounts receivable balance-related audit objectives relate to real life? What I mean is, not in accounting, can you apply these principles to an everyday thing like football or something. So, how do you apply detail tie-in, existence, completeness, accuracy, classification, cutoff, realizable value, and rights to something in real life?

Reference no: EM13143308

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