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Wealthy Watches Inc. Case Study / Auditing the Existence Assertion of Accounts Receivable

Wealthy Watches Inc. Case Study / Auditing the Existence Assertion of Accounts Receivable

This assignment is for Accounting/Audit. It is to asses the risk for the existence of accounts receivable using both Classical Variables Sampling (CVS) and Monetary-Unit Sampling (MUS) by using the software IDEA. I have run the samples and have answered most of the assignment questions located in Appendix B and D. I only need help in answering the last question in Appendix D: “What are your recommendations for next steps and outstanding concerns that you might want the engagement team to follow up on?” I have attached both the prompt and the answered questions (in separate attachments).

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