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Exam IIA-CIA-Part2 All Questions

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Exam IIA-CIA-Part2 topic 1 question 15 discussion

Actual exam question from IIA's IIA-CIA-Part2
Question #: 15
Topic #: 1
[All IIA-CIA-Part2 Questions]

What would be used to determine the collectability of accounts receivable balances?

  • A. The file of related shipping documents.
  • B. Negative accounts receivable confirmations.
  • C. Positive accounts receivable confirmations.
  • D. An aged accounts receivable listing.
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Suggested Answer: D 🗳️
by KonradK at July 28, 2021, 10:46 a.m.

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JamalAli
10 months, 1 week ago
Shipping documents and confirmations (both positive and negative) only shows the existence. Only aging file could reflect collectability, how many days outstanding balances
upvoted 3 times
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ejchoy
10 months, 2 weeks ago
Positive confirmation would address the existence assertion. It has nothing to do with the collectability/valuation of the AR.
upvoted 2 times
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KonradK
1 year ago
Why not C? Please explain. Thanks
upvoted 1 times
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