Because of a new marketing initiative, an organization has reduced requirements for extending credit to new customers. As a result, outstanding accounts receivable as a percentage of revenue has increased significantly during the past two years. Which of the following would be least useful in monitoring this finding?
A. Updates from the manager of accounts receivable regarding collection of outstanding receivables.
B. Updates from the information technology division regarding development of a new accounts receivable system.
C. Updates from the controller regarding the status of corrective actions.
D. Updates from the credit and marketing personnel tasked with reevaluating credit policies.
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