Which one of the following is NOT an auditor's concern about a key authorisation point in the sales/collection cycle?
A) Prices must be authorised.
B) Goods must be shipped after the authorisation.
C) The receiving room must have authorisation before releasing items to inventory control.
D) Credit must be authorised before the sale.

Question

Quizplus · Accepted Answer

The receiving room's authorisation before releasing items to inventory control is not a key concern in the sales/collection cycle, as it pertains more to inventory management rather than sales transactions.

Which One of the Following Is NOT an Auditor's Concern