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Question: "Accounting Irregularities" Please respond to the following:
Imagine that you were auditing accounts receivable balances to confirm sales and found significant discrepancies between the recorded account balances and returned confirmations from customers.
Recommend an alternative approach to confirming sales revenue. Provide rationale for your recommendation.
Using the case as a reference and from the e-Activity, discuss the improper recognition treatment you researched, and make a recommendation regarding the type of analytical procedure that should have detected the improper accounting transactions.
Propose the internal control activities or audit plan that might have detected the improper transactions. Be specific with your recommendation.
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The solution is of 300 words and is about accounting irregularities, there is a case which require detailed alternative approaches to confirm sales revenue and provide a recommendation regarding the same. treatment for improper recognition is also required.
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