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"Accounting Irregularities"  confirm sales and found  significant discrepancies

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·         Imagine that you were auditing accounts receivable balances to confirm sales and found significant discrepancies between the recorded account balances and returned confirmations from customers. Recommend an alternative approach to confirming sales revenue. Provide rationale for your recommendation.

Using the case as a reference and from the e-Activity, discuss the improper recognition treatment you researched, and make a recommendation regarding the type of analytical procedure that should have detected the improper accounting transactions. Propose the internal control activities or audit plan that might have detected the improper transactions. Be specific with your recommendation.

 

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[Solved] "Accounting Irregularities"  confirm sales and found  significant discrepancies

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  • Submitted On 26 Feb, 2017 11:05:03
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Auditing Recommendations of alternative approach to confirmations • Vouch receivable to the shipping documents. This will depict some unusual sales that are recorded in the books of the business. Vouching will therefore confirm the deviation of that are sales revenue. • Reconcile th...
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