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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › Revenue
Describe the substatintive procedure the auditor should perform to confirm the revenue of Tinkerbell’s?
I have mentioned:
-Compare the Revenue of current year with the targeted revenue and investigate if there is any significant differences, Discuss with the management.
-Obtain the list of receivables and review with the revenue figure to confirm the accuracy.
Can these points be in an answer, they havent mentioned these two points.
“target” and “budget” are one and the same – so this is the first point in the published answer
There is no comparison to be made between the list of receivables and revenue since each closing receivable balance = opening receivable + revenue – cash