Q:

If accounts receivable turnover (credit sales/receivables) was 7.1 times in 2013 compared to only 5.6 times in 2014, it is possible that there were

belongs to book: AUDITING & ASSURANCE SERVICES | A Systematic Approach|William F.Messier, Steven M.Glover, Douglas F. Prawitt|10th Edition| Chapter number:10| Question number:10.17

Ibrahimhamm

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2022-06-29

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If accounts receivable turnover (credit sales/receivables) was 7.1 times in 2013 compared to only 5.6 times in 2014, it is possible that there were

Unrecorded credit sales in 2014
Unrecorded cash receipts in 2013
More thorough credit investigations made by the company late in 2013.
Fictitious sales in 2014.

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Ibrahimhamm

2022-06-29

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D. Fictitious sales in 2014.

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