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Why is important to include an aging schedule of accounts

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Problem 1: Give/identify 5 examples of risks involving Sales and Receivable be it risk due to fraud or risk due of mistreatment.

Problem 2: Why must Auditors be wary of the write-off of Receivables?

Problem 3: Why is it important to include an Aging Schedule of accounts receivable in your audit working papers?

Problem 4: Give 3 Audit procedures that are likely to detect the some of the risks identified in #1. Prove your point.

Reference no: EM132825620

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