Question: Question 1 6 0 . 7 5 pts An auditor noted that client sales had increased 1 0 percent for the year. At the same

Question 16
0.75 pts
An auditor noted that client sales had increased 10 percent for the year. At the same time, cost of goods sold as a percentage of sales had decreased from 45 percent to 40 percent and year-end accounts receivable had increased by 8 percent. The auditor is most likely concerned about
unrecorded costs.
improper credit approvals.
improper sales cut-off.
fictitious sales.
Question 1 6 0 . 7 5 pts An auditor noted that

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