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 specific authorization as the customer is paying at the time of purchase. However, the granting of credit or determining discounts may require specific authorization to ensure that proper procedures are followed and there is no fraud or error in the transaction. Shipment of goods also requires proper authorization to ensure accuracy in inventory and shipping records.

Which of the Following Would Least Concern an Auditor Regarding