Credit limits are allowed by the company to its customers. The auditor needs to consider this area while auditing the accounts receivables. The auditor should check the proper authorization of credit limit allowed to the customers. To choose: the procedure to be followed by the auditor to audit the credit limits.

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Chapter 10, Problem 10.15MCQ

To determine

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Credit limits are allowed by the company to its customers. The auditor needs to consider this area while auditing the accounts receivables. The auditor should check the proper authorization of credit limit allowed to the customers.

To choose: the procedure to be followed by the auditor to audit the credit limits.

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