Wealthy Watches Inc. Case Study / Auditing the Existence Assertion of Accounts Receivable

Question # 00741919 Posted By: Virna Updated on: 10/25/2019 05:00 AM Due on: 10/25/2019
Subject Accounting Topic Accounting Tutorials:
Question
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This assignment is for Accounting/Audit. It is to asses the risk for the existence of accounts receivable using both Classical Variables Sampling (CVS) and Monetary-Unit Sampling (MUS) by using the software IDEA. I have ran the samples and have answered most of the assignment questions located in Appendix B and D. I only need help in answering the last question in Appendix D: "What are your recommendations for next steps and outstanding concerns that you might want the engagement team to follow up on?" I have attached both the prompt and the answered questions (in seperate attachments). 

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