Which One of the Following Best Describes the Auditors Responsibilities

question 47

Multiple Choice

Which one of the following best describes the auditors responsibilities regarding appropriate authorizations in the sales/collections cycle?

• A)B, C, and D should all be of concern to the auditor.
• B)Credit must be authorized before the sale.
• C)Goods must be shipped after the authorization.
• D)Prices must be authorized.