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Exam IIA-CIA-Part2 topic 5 question 267 discussion

Actual exam question from IIA's IIA-CIA-Part2
Question #: 267
Topic #: 5
[All IIA-CIA-Part2 Questions]

During an assurance engagement, an internal auditor must select a basis for estimating the amount of expected uncollectable accounts receivable in order to test the reported net accounts receivable figure in the financial statements for reasonableness. Which of the following methods would be the most appropriate for this assessment?

  • A. Direct write-off
  • B. Percentage of sales
  • C. Historical estimate.
  • D. Percentage of receivables.
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Suggested Answer: B 🗳️
by emtofid at Sept. 13, 2024, 1:51 p.m.

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emtofid
4 months ago
Selected Answer: D
i think it might be D
upvoted 2 times
Elvoo
3 months ago
Why D over B?
upvoted 1 times
emtofid
2 months, 1 week ago
yes Percentage of sales will include both cash and credit sales so that will be a wrong population to use.
upvoted 1 times
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