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I am hoping you can explain the audit objective of asking staff who are responsible for receivables for instances of customer preferential treatment, terms of
I am hoping you can explain the audit objective of asking staff who are responsible for receivables for instances of customer preferential treatment, terms of sale have been modified, related parties are involved, or where internal credit limits have been significantly exceeded. I am confused about the assertion it would test? I am thinking rights and obligation, completeness and existence, but am not sure. Would you be able to explain the applicable assertion?
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