In most audits, the auditor is concerned about sales adjustment transactions because of: (a) the sheer number

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In most audits, the auditor is concerned about sales adjustment transactions because of:

(a) the sheer number and value of these transactions.

(b) the lack of proper authorization for these transactions.

(c) the potential use of these transactions to conceal a theft of cash.

(d) poor controls normally found over these transactions and the inherent lack of documentation.

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Auditing A Practical Approach

ISBN: 9781118878415

1st Extended Canadian Edition

Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton, Valerie Warren

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Question Posted: Feb 16, 2024 03:00 PM

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In most audits, the auditor is concerned about sales adjustment transactions because of: (a) the sheer number

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Auditing A Practical Approach

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