Analytic Project Tableau Analytics mindset TechWear

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Analytics mindset TechWear Analytics mindset TechWear Part III: Background: One year has passed and it is now time to begin the 2016 audit. TechWear’s business has continued to expand. Our in... itial analysis of 2016 data indicates a much greater risk in accounts receivable (compared with 2015). When the audit team discussed this with company management, we were reminded that last year’s accounts receivable proved to be fully collectible and we were assured that this year accounts receivable would also prove to be fully collectible as well. Management indicated that, similar to 2015, there have been no product returns or accounts written off in 2016. The senior has asked you to assist with planning the 2016 audit, beginning with the order-to-cash cycle, by focusing on accounts receivable and sales. In particular, she has provided you with the following key audit assertions that need to be addressed: Accounts receivable – account balance Sales – class of transactions Existence Occurrence Completeness Completeness Valuation and allocation Accuracy Classification and understandability Cutoff Classification Your senior has already interviewed a number of key personnel (Director of Marketing and Sales, Shipping Supervisor, Business Office Director (responsible for billing and collections), Accounting Supervisor and the IT Director) and taken notes during these interviews, as follows [Show More]

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