Based on 12/31/2014 analysis of aged accounts receivable, management agrees that the allowance should be adjusted to 4.3% of ending accounts receivable balance.

It has been determined that a moderate level of reliance can be placed on other audit procedures for accounts receivable/sales cycle - this results in a moderate other procedures risk - the targeted detection risk is 20% II-6 RP.

Attachment:- Assignment.rar