The auditor's objectives for the sales and cash collections activities when the client is primarily an e-commerce business as compared to a "brick and mortar" business are
A) unchanged.
B) expanded.
C) mitigated.
D) decreased.

Question

Quizplus · Accepted Answer

The auditor's objectives remain unchanged regardless of whether the client operates primarily as an e-commerce business or a "brick and mortar" business. The fundamental principles of auditing, including the assessment of the risk of material misstatement and the verification of financial statement accuracy, apply in both contexts.

The Auditor's Objectives for the Sales and Cash Collections Activities