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Which of the following factors would an auditor least likely consider when assessing the inherent risk associated with sales transactions? Multiple Choice Billings are made
Which of the following factors would an auditor least likely consider when assessing the inherent risk associated with sales transactions?
Multiple Choice
Billings are made using the input method of revenue recognition.
The conditions of the sale allow for a right of return or the right to modify the purchase agreement.
Some invoices are normally billed prior to shipments which occur at a later date
The nature of the credit authorization internal control process.
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