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Audit Objective: No revenues that should have been recognized in the year have been omitted. What could go wrong: A sale was completed just prior
Audit Objective:No revenues that should have been recognized in the year have been omitted.
What could go wrong:A sale was completed just prior to year-end but was not recorded until the following year (cut-off error).
Multiple Choice
- Completeness
- Ownership
- Existence/Occurrence
- Valuation
- Presentation
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