(assertions) in planning the audit of a client’s financial
(Assertions) In planning the audit of a client’s financial statements, an auditor identifiedthe following issues that need audit attention.1. The allowance for doubtful accounts is fairly presented in amount.2. All accounts payable owed as of the balance sheet date are included in the financialstatements.3. All purchase returns recorded in the general ledger are valid.4. There is a risk that purchases made in the last week […]