You are the audit partner of D Ltd and you have been assigned to audit Bee Ltd at the end of the financial year of Decem
Posted: Wed May 04, 2022 6:26 am
You are the audit partner of D Ltd and you have been assigned to
audit Bee Ltd at the end of the financial year of December 2018.
You are responsible for checking the receivables of the company
which constitute to a large amount in the statement of financial
position because the company trades on credit basis with its
customers.
Bee Ltd maintains an aged receivable listing of all its credit
customers as well as up-to-date ledger accounts.
Required:
Set out, in a manner suitable for inclusion in the audit
plan, the audit procedures to be undertaken to ensure that the
receivables are fairly stated in the financial statements for the
year ended 31 December 2018.
audit Bee Ltd at the end of the financial year of December 2018.
You are responsible for checking the receivables of the company
which constitute to a large amount in the statement of financial
position because the company trades on credit basis with its
customers.
Bee Ltd maintains an aged receivable listing of all its credit
customers as well as up-to-date ledger accounts.
Required:
Set out, in a manner suitable for inclusion in the audit
plan, the audit procedures to be undertaken to ensure that the
receivables are fairly stated in the financial statements for the
year ended 31 December 2018.