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Audit Procedures – Receivable And Sales

Author

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  • Ștefan Zuca

    (Romanian American University)

Abstract

The overall objective of the audit of accounts receivable and sales is to determine if they are fairly presented in the context of the financial statements as a whole. The sales account is closely tied to accounts receivable; therefore, evidence supporting accounts receivable tends to support sales. For example, having determined that an account receivable is valid, the auditor has thereby supported the validity of the sale. Analytical procedures can often be used to test the sales account. An unusual relationship detected in the audit of receivables and inventory may reflect a problem for the reported sales figure as well

Suggested Citation

  • Ștefan Zuca, 2013. "Audit Procedures – Receivable And Sales," Romanian Economic Business Review, Romanian-American University, vol. 8(3.1), pages 184-194, September.
    • Handle: RePEc:rau:journl:v:8:y:2013:i:3.1:p:184-194
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    Keywords

    audit; procedures; receivable; sales;
    All these keywords.

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