Question
Case 1.4 Sunbeam: The Revenue Recognition Principle Q#5. Consult Paragraph 68 of PCAOB Auditing Standard No. 12. Next, consider a customer that receives extraordinary discounts
Case 1.4
Sunbeam: The Revenue Recognition Principle
Q#5. Consult Paragraph 68 of PCAOB Auditing Standard No. 12. Next, consider a customer that receives extraordinary discounts and terms to purchase merchandise at the end of the year ( e.g., the wholesaler that purchased grills from Sunbean). Do you believe that an auditor has an obligation to investigate these type of situations during revenue testing? Why or why not?
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1st Edition
1659112699, 978-1659112696
