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Thomson Learning 10Substantive Tests in the Revenue/Receipt Cycle:Sales, Receivables, Cash,and Management Discretionin Revenue Recognitionchapterchapter365major topics discussed in this chapter arethe: Relationship between financial statement assertions and audit procedures within the revenue/receipt cycle. Relationship among audit risk, client strategies, and the nature, timing, and extent of substantive tests. Substantive tests applicable to assertions about sales, accounts receivable, and cash balances. Application of audit sampling in substantive tests of accounts receivable. Computer-assisted audit techniques applicable to accounts receivable.

Thomson Learning™ 366 Part 2 Method discussing computer-assisted audit procedures applicable to the revenue/receipt cycle. The chapter concludes by explaining common means to overstate revenue

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