GLO 10-1 10-31 The revenue recognition accounting standard (ASC 606) specifies for a customer to have obtained control of a product in a bill-and-hold arrangement, all of the following criteria must be met: The reason for the bill-and-hold arrangement must be substantive (for example, the customer has requested the arrangement). The product must be identified separately as belonging to the customer. The product currently must be ready for physical transfer to the customer. . The entity cannot have the ability to use the product or to direct it to another customer. Required: Identify and discuss the reliability of the types of evidence an auditor would need to determine whether each condition cited above was met for a bill and hold transaction