Which card numbers have both a new balance (NEWBAL) greater than $3,000 and an a
ID: 2575435 • Letter: W
Question
Which card numbers have both a new balance (NEWBAL) greater than $3,000 and an amount past due (PASTDUEAMT) greater than $60? Calculate, then cut and paste the total of the NEWBAL and PASTDUEAMT for these accounts.
computed in the table below.
based on the information above Why might an auditor be interested in results such as those obtained in step b [step b was already computed above]?
CARDNUM CREDLIM CUSTNO EXPDT FINCHG MINPYMTDUE NEWBAL PASTDUEAMT PMTDUEDT PREVBAL RATE 8590124910032035 9500 250402 5/1/2005 174.76 423 10231 209 5/19/2003 9998.24 12.9 8590120772096763 9000 250402 1/1/2005 0 365 3468.81 292 5/21/2003 3468.81 12.9Explanation / Answer
It is seen from the results that though the card numbers are different, they belong to the same customer since the customer number is the same.
The auditor might be interested in the results obtained above for the following reasons:
1. To ascertain the collectability of the past dues and determine whether they are actually receivable or need to be written off.
2. Whether the credit to such customers needs to be stopped till the past dues are cleared.
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