Substantive Audit Procedures for Accounts Receivable
{"Image DocumentName": "Accounts Receivable Standard Audit Procedures", "Image ImageDescription": "Trace amounts to reconciliations/support and to the general ledger. Review A/R aged detail trial balances for large/unusual balances. Typically we would review casino and hotel receivables based on materiality. What is large/unusual? Discuss and document any large balances, as defined by materiality, that are over 180 days old with management. Test the aging of the trial balance by selecting a sample of accounts receivables and tracing them to the original invoice/marker to ensure the aging is accurate in the trial balance. Review the allowance for doubtful accounts support and calculations. Again, typically for hotel and casino, based on materiality. Ensure the schedules agree to the aged trial balances and the g/l. Recalculate the schedules on a scope basis. Discuss any changes in the schedules/calculations since the previous audit with management. Discuss and document any known collectibility issues with management.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}