Which of the following would not represent a factor the auditor would consider when assessing the inherent
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Which of the following would not represent a factor the auditor would consider when assessing the inherent risk associated with a sales transaction?
a. The existence of terms that specify the right of return or the right to modify the purchase agreement
b. Billing for invoices but agreed-upon shipments of goods at a later date
c. Goods billed according to a percentage-of-completion methodology
d. The nature of the credit authorization process
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Related Book For
Auditing Concepts For A Changing Environment With IDEA Software
ISBN: 9780324180237
4th Edition
Authors: Larry E. Rittenberg, Bradley J. Schwieger
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