E-mail, smart phones, and tablet computers have facilitated the expansion of international markets

You are involved in the audit of accounts receivable, which represent a significant portionof the assets of a large retail corporation

Your audit plan requires the use of the computer,but you encounter the following reactions: For each situation, state how the auditor should proceed with the accounts receivable audit. The computer operations manager says the company's computer is running at full capacity for the foreseeable future and the auditor will not be able to use the system for audit tests.

Residual value is relevant when calculating double-declining-balance depreciation

Indicate whether the statement is true or false