AUDIT OF ACCOUNTS RECEIVABLE MADE EASY - Procedures for auditing accounts receivables

[@mosesphiri5515]

Another great Video. Very good for those working in Auditing firms like me. Keep it up.

[@efiwecpa]

You are my colleague then lol. That's great!

[@Mfbushra]

Efiwe, I just want to say thank you, and I love u.

[@efiwecpa]

Thank you 😊😊

[@maxamedabdullahi4418]

Well practical lesson from you and i am literally happy for the clarify.

[@efiwecpa]

Thank you!

[@simonkaleshu1193]

You are the best Efiwe

[@efiwecpa]

🙏🙏🙏🙏 Thanks 😊

[@maryamsalem8630]

Keep it up the best instruction i ever seen ,thank you so much again and again

[@efiwecpa]

Thanks for the comment Maryam. Well Appreciated.

[@vipulverma6554]

This video is really worth watching thank you so much it will help Me in my interview

[@efiwecpa]

Appreciate your comment. Thank you

[@saurabhshirsode1514]

Thank you very much for these videos. It’s helping a lot for me❤

[@efiwecpa]

Thank you!

[@francisayegba]

I love it

[@efiwecpa]

Thank you!!!

[@ankitjha2177]

Learned a lot 😊 thank you so much

[@efiwecpa]

Thanks for watching 😊

[@smokedavocados]

Thank you for this video! Liked, subscribed and commented :)

[@efiwecpa]

Thank you 🙏 Appreciate

[@deborahefiokwu9668]

This is amazing ...Please can we have a video for auditing IFRS9

[@salomeasubop5077]

Thanks to you my friend for introducing me to this page.
I’m also looking forward to a video on auditing IFRS9 too.
Thank you

[@peterwilliams3259]

can you please Di the audit of the opening balances

[@adebayoadebanjo2161]

Thanks for this. My question is how do we go about the invoice that was paid in piecemeal. What should be done in that case?

[@efiwecpa]

For an invoice that was paid at different dates we can vouch to bank statements to verify receipt of payment. And we can also document on our working paper that the invoice was paid in piecemeal and that we have agreed payments to the bank statements.

[@fuhadololade2429]

Pls, as for the payment some client don't pay on invoice, what do we do for clients that lumps up there payments. thanks for the video it was really helpful

[@efiwecpa]

In the case of lump payments, we just get the total of the lump payments and deduct it from the AR balance for that client. The difference should agree to the outstanding balance on the AR aging for that particular client. This is the simple way to do it.

[@adebiyimodupe3016]

How does the sample calculator works

[@efiwecpa]

The sample calculator is automated and you just have to input the required data and the calculator will determine the sample size

[@batulakhalif-ig2qd]

A quick question pls,thought account receivable is also known as debtor account,so if it was received already,should we not pass journal to adjust for it or am i missing something 😢?

[@efiwecpa]

We are just doing the audit. The client will be the one to post the journal entry to adjust the receivable if it is received. We won't pass the journal entry for the client.

[@billytuition6971]

Hi Ma.... I've learnt a lot from your videos and I've introduced most of my friends to like and subscribe.......Can u pls make a video on related party receivables and payables

[@efiwecpa]

Thanks for your comment and for referring the channel to your friends. I will add this topic to my to do list and It will be on the channel soon.

[@obahgodwin7146]

And how fo you select your audit sample size ... Really finding that difficult

[@efiwecpa]

Thanks for your comment. I can do a video on how we select samples in auditing.

[@engr.kallolroy1462]

If you don't mind, Please send me the excel file.

[@efiwecpa]

Thanks for your comment. These working papers are not available for sharing now. I'll share the files when it is feasible to.

[@obahgodwin7146]

Audit working papers for procurement pls

[@efiwecpa]

You will find a video on this on my channel. Audit procedures for payables.