Violations of the existence objective for sales are of greater concern to the auditor than violations of the completeness objective.

Question

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Violations of the existence objective for sales involve instances where a sale is recorded even though no actual sale has taken place. This can have a significant impact on the financial statements and may indicate fraud or errors. On the other hand, violations of the completeness objective relate to instances where some sales have not been recorded, which may be less serious. Therefore, violations of the existence objective are of greater concern to the auditor.

Violations of the Existence Objective for Sales Are of Greater