medium10 pts · first answer countsaudit-planning

Timing tests for a high-risk balance

Revenue cut-off is assessed as a high risk. When should the main cut-off tests be done?

A.At an interim date three months before the year endB.Only at the following year’s planning meetingC.Around the period end, covering transactions either sideD.At any time in the year, as timing does not matter

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Timing tests for a high-risk balance

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