Problem

Which of the following would be a step in an internal control program?A. Obtain an aged tr...

Which of the following would be a step in an internal control program?

A. Obtain an aged trial balance of the accounts receivable.

B. Prepare and send confirmations on a sample of customers’ accounts receivable.

C. Assess the control risk for sales and collections.

D. Read sales contracts for evidence of customers’ rights of return or price allowance terms.

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