Which of the following best represents a key control for ensuring sales are properly authorized when assessing control risks for sales?
a. The separation of duties between the billing department and the cash receipts approval department.
b. The use of an approved price list to determine unit selling price.
c. Copies of approved sales orders sent to the shipping, billing, and accounting departments.
d. Sales orders are sent to the credit department for approval.
Answer: D
CPA Exam
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