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Author Question: Which one of the following best describes the auditor's responsibilities regarding appropriate ... (Read 55 times)

emoedee

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Question 1

Which of the following would least concern an auditor regarding the lack of a specific authorization to conduct the sales transaction?
◦ granting of credit
◦ shipment of goods
◦ determination of discounts
◦ selling of goods for cash

Question 2

Which one of the following best describes the auditor's responsibilities regarding appropriate authorizations in the sales/collections cycle?
◦ Credit must be authorized before the sale.
◦ Goods must be shipped after the authorization.
◦ Prices must be authorized.
◦ All of these should be of concern to the auditor.


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Marked as best answer by emoedee on Aug 21, 2022

KeriJennin

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emoedee

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Reply 2 on: Aug 21, 2022
Wow, this really help


vickybb89

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Reply 3 on: Yesterday
:D TYSM

 

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