Question
REVENUE (1): Audit Objective: Revenues are clearly presented in the financial statements, significant categories are shown separately & revenue recognition accounting policies are adequately explained
REVENUE (1):
Audit Objective:Revenues are clearly presented in the financial statements, significant categories are shown separately & revenue recognition accounting policies are adequately explained in the notes.
What could go wrong:Revenue recognition policies are not disclosed in the notes.
Multiple Choice
- Existence/Occurrence
- Completeness
- Valuation
- Presentation
- Ownership
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Financial and Managerial Accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
3rd edition
978-1-119-3916, 1119392132, 1119392136, 9781119391609, 1119391601, 978-1119392132
