Which One of the Following Is of the Least Concern

question 4

Multiple Choice

Which one of the following is of the least concern to the auditor when designing substantive tests of transactions for the sales/collection cycle?

• A)Sales being included in the journal for which no shipment was made
• B)Sales to related parties, such as officers and subsidiaries
• C)Sales recorded more than once
• D)Shipments being made to nonexistent customers and recorded as sales

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Definitions:

Promote Values

Activities and strategies used to emphasize and integrate core values into the culture and operations of an organization or group.

Welfare of Individuals

The health, happiness, and fortunes of people, often considered a responsibility of organizations or governments.

Organization

An arranged group of people with a particular purpose, such as a business, government department, charity, or club.

Direct Reports

Employees who report directly to a manager or supervisor, indicating a direct line of authority and responsibility in organizational hierarchy.