An auditor discovers that a clients accounts receivable turnover is substantially lower for the current...
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Accounting
An auditor discovers that a clients accounts receivable turnover is substantially lower for the current year than for the prior year. This trend may indicate that
a. Fictitious credit sales have been recorded during the year.
b. Employees have stolen inventory just before yearend.
c. The client recently tightened its creditgranting policies.
d. An employee has been lapping receivables in both years.
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