An auditor client sells 15 to 20 units of product annually. a large portion of the annual sales occur in the last month of the fiscal year. annual sales have not materially changed over the past 5 years. which of the following approaches would be most effective concerning the timing of audit procedures for revenue?

a. the auditor should perform analytical procedures at an interim date and discuss any changes in the level of sales with senior management
b. the auditor should inspect transactions occurring in the last month of the fiscal year and review the related sale contracts to determine that revenue was posted in the proper period.
c. the auditor should perform tests of controls at an interim date to obtain audit evidence about the operational effectiveness of internal controls over sales.
d. the auditor should review period-end compensation to determine if bonuses were paid to meet earnings goals.

Suppose that kenji, an economist from an am talk radio program, and lucia, an economist from a school of industrial relations, are arguing over health insurance. the following dialogue shows an excerpt from their debate: lucia: a popular topic for debate among politicians as well as economists is the idea of providing government assistance for health benefits. kenji: i think it is oppressive for the government to tax people who take care of themselves in order to pay for health insurance for those who are obese. lucia: i disagree. i think government funding of health insurance is useful to ensure basic fairness. the disagreement between these economists is most likely due to . despite their differences, with which proposition are two economists chosen at random most likely to agree? lawyers make up an excessive percentage of elected officials. minimum wage laws do more to harm low-skilled workers than them. tariffs and import quotas generally reduce economic welfare.