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  2. Topic
    Business
  3. Study Set
    Auditing and Assurance Services
  4. Exam
    Exam 5: Overall Audit Strategy, Audit Program, Audit of the Sales and Collection Cycle, Audit Sampling for Tests of Controls and Substantive Tests of Transactions
  5. Question
    At Which Point in an Ordinary Sales Transaction Would a Lack
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At Which Point in an Ordinary Sales Transaction Would a Lack

Question 47

Question 47

Multiple Choice

At which point in an ordinary sales transaction would a lack of specific authorization be of least concern to the auditor?


A) Determination of discounts.
B) Selling of goods for cash.
C) Granting of credit.
D) Shipment of goods.

Correct Answer:

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