The Emphasis for the Audit of Sales Return and Allowances

question 128

Multiple Choice

The emphasis for the audit of sales return and allowances is often placed on testing the existence of recorded transactions.However,the most important objective to consider is

• A)cutoff.
• B)valuation.
• C)accuracy.
• D)completeness.

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Definitions:

Consequences

The outcomes or results that naturally follow from a specific action or set of conditions, either positive or negative.

Role Conflicts

Occurs when there are incompatible demands placed upon a person such that compliance with both would be difficult.

Interpersonal Relations

It refers to the social and emotional interaction between two or more individuals in an organizational setting.

Task Demands

The physical, psychological, and social requirements of a job that employees need to meet to perform their roles effectively.