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Classify the authorization control deficiency identified

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Revenue is recognized when shipped. Based on shipping dates, total revenue for 2018 is $1,372,637. The audit team has set overall materiality at $13,000.

The total dollar volume of AR that was not approved was $13,726.

Question 1: Would you classify the authorization control deficiency identified above as material weakness, control deficiency or significant deficiency?

Reference no: EM132574275

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