One valid approach to testing controls over credit review and approval for customers that are granted credit

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One valid approach to testing controls over credit review and approval for customers that are granted credit involves taking a sample of customer orders and tracing them through the system to determine whether: (a) there was proper review of credit and (b) there was proper credit authorization or denial.

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Auditing A Risk Based Approach

ISBN: 9780357721872

12th Edition

Authors: Karla M Johnstone-Zehms, Audrey A. Gramling, Larry E. Rittenberg

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