Topic: audit procedures
Content:
simulation考了一道audit procedure选择，是关于test AR的各种assertion的
考点解析：
AR assertions:
Existence: confirmation, vouching (to sales order, shipping document, invoice), verify authorization
Completeness: tracing (from sales order, shipping document, invoice)
Right and obligation: inquiry (factoring), inspect (confirmation response, loan agreement, minutes of meetings)
Accuracy: footing and cross-footing, recalculate bad debt expense, inspect authorization and approves of bad debt written-off
Sample Question：
Confirmation is most likely to be a relevant form of evidence with regard to assertions about accounts receivable when the auditor has concerns about the receivables’
A. Valuation.
B. Classification.
C. Existence.
D. Completeness.
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