Question: An important assertion for revenue is cutoff - are transactions recorded in the correct period? Your client is a manufacturer of handheld tools. Examine the

An important assertion for revenue is cutoff - are transactions recorded in the correct period? Your client is a manufacturer of handheld tools. Examine the visualizations titled "Revenue and Units Sold by day for the month before and after year-end," "Number of invoices issued by day for the month before and after year-end," and "Average Selling Price per day for the month before and after year-end."

Ch.11 Revenue

What incentives might the client have to record as many sales as possible in the year-end under audit?

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