The following table includes a common risk in the revenue cycle that might be present at an audit client. For the risk, identify the relevant financial statement assertion and identify controls, including those related to the control activities and the control environment that the auditor might expect the client to have implemented. Suggest how the auditor might test the controls.

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Control Risk and Relevant Financial Statement Environment Approach Control Assertion Approach to Testing Activities to Testing Objective Controls Recognize revenue in accordance with appropriate revenue recognition criteria RISK: Overstatement- sales agents grant future credits to customer for unsold goods ASSERTION: