Which of the following would least concern an auditor regarding the lack of a specific authorization to conduct the sales transaction?
A)Granting of credit
B)Shipment of goods
C)Determination of discounts
D)Selling of goods for cash

Question

Quizplus · Accepted Answer

Selling of goods for cash does not require a specific authorization as the customer is paying the full amount upfront. Granting of credit, shipment of goods, and determination of discounts are all activities that require specific authorization to ensure that they are properly authorized and recorded.

Which of the Following Would Least Concern an Auditor Regarding