Bases of audit of receivables in the organizations of the telecommunication sector

Abstract

The methodology for the audit of receivables in telecommunications sector organizations needs to be constantly developed and improved. The significance of checking receivables in organizations of the telecommunication sector has been considered in the article. The main tasks, which are set during the audit of receivables, have been examined. The content of audit procedure in accordance with applicable International Standards on Auditing has been described. The main risk areas during the audit of this article of the accounting (financial) statements have been revealed.

Keywords

• receivables
• audit evidence
• audit procedure
• control of outstanding receivables
• accuracy of accounting statements