At which point in an ordinary sales transaction of a wholesaling business would a lack of specific authorization be of least concern to the auditor?
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 involves immediate payment, which reduces the risk of unauthorized transactions or fraudulent activities. Therefore, a lack of specific authorization would be of least concern to the auditor in this scenario.

At Which Point in an Ordinary Sales Transaction of a Wholesaling