Final answer:
D) selling of goods for cash
The selling of goods for cash would least concern an auditor regarding the lack of specific authorization in a sales transaction because cash transactions carry less risk compared to credit, shipment, or discounts, which require more stringent controls.
Step-by-step explanation:
An auditor's concern about specific authorization in the context of a sales transaction is related to internal controls within a company. When considering which of the following would least concern an auditor for lacking specific authorization, the options are:
- granting of credit
- shipment of goods
- determination of discounts
- selling of goods for cash
The selling of goods for cash is typically the least concern because there is less risk involved. Cash transactions are straightforward, immediate, and there is little chance for deferral or default, making them less risky than transactions involving credit, shipment, or discretionary discounts. Thus, auditors may be less worried about specific authorization in the case of cash transactions.