In the Sales and Collection Cycle,the Results of the Tests

question 26

Multiple Choice

In the sales and collection cycle,the results of the tests of controls determine

• A)the extent to which planned detection risk is satisfied for each accounts receivable objective.
• B)whether assessed control risk for sales and cash receipts needs to be revised.
• C)if tests of details of balances need to be performed.
• D)whether positive or negative confirmations should be used for this engagement.

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Definitions:

Expert

An individual with extensive knowledge or skill in a particular area or field.

Legitimate

Something that is lawful, rightful, and in accordance with established rules, often used to describe power or authority.

Legitimate Flattering

The use of sincere compliments and recognition within appropriate and professional bounds to potentially gain favor or positively influence someone.

Managing Impressions

The process of influencing how others perceive you through the intentional modulation of your behavior or appearance.