Which one of the following best describes the auditors responsibilities regarding appropriate authorizations in the sales/collections cycle?
A. Credit must be authorized before the sale.
B. Goods must be shipped after the authorization
C. Prices must be authorized.
D. All of the above should be of concern to the auditor.
Answer:D
Which one of the following best describes the auditors responsibilities regarding appropriate authorizations in the sales/collections cycle?
A. Credit must be authorized before the sale. B. Goods must be shipped after the authorization C. Prices must be authorized. D. All of the above should be of concern to the auditor.