For sales, the occurrence transaction-related audit objective affects which of the following balance-related audit objective?
A)Existence
B)Completeness
C)Rights
D)Detail tie-in

Question

Quizplus · Accepted Answer

The occurrence transaction-related audit objective ensures that recorded sales transactions actually occurred, which directly affects the existence balance-related audit objective by confirming that the recorded sales exist.

For Sales, the Occurrence Transaction-Related Audit Objective Affects Which of the Following