Which one of the following is NOT an accounts receivable balance- related audit objective?
A) Recorded accounts receivable exist.
B) The client has rights to accounts receivable.
C) Internal controls for accounts receivable are adequate.
D) Accounts receivable is stated at realisable value.

Question

Quizplus · Accepted Answer

Internal controls for accounts receivable are not directly related to the existence or valuation of accounts receivable balances, therefore it is not a specific audit objective for accounts receivable. The other three options are all valid audit objectives for accounts receivable balances.

Which One of the Following Is NOT an Accounts Receivable