Unlike the Sales Business Process,the Accounts Receivable Business Process Does

question 103

True/False

Unlike the sales business process,the accounts receivable business process does not generate cash,therefore,risk assessment of the accounts receivable process is optional under SOX as long as internal control is adequate.

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Definitions:

Reverse Split

A reverse split is a consolidation of a company's existing share into fewer, proportionally more valuable shares.

Administrative Problems

Challenges or obstacles that occur in the management, organization, or operation of a business or any institutional setup.

Tax Basis

The value of an asset for tax purposes, used to calculate depreciation, amortization, and gains or losses on the sale of the asset.

Market Value

The present rate at which a product or service can be purchased or sold in the market.