Problem

AUDIT OBJECTIVES AND PROCEDURES You are conducting substantive tests on the accounts...

AUDIT OBJECTIVES AND PROCEDURES

You are conducting substantive tests on the accounts receivable file to verify its accuracy. The file is large, and you decide to sample test the records in it. Because of the complexity of the database structure, you cannot access it directly. The client’s systems programmer writes a special application that produces a flat file, which he provides for testing purposes.

Required

Discuss any concerns you would have as an auditor and any actions you would take.

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