Audit objectives that apply to one sales portion are all EXCEPT:

Question

Quizplus · Accepted Answer

The audit objective that applies to one sales portion is to ensure that inventory is being accurately marked to market on a continuing basis. This helps to ensure that inventory values accurately reflect their current market value, which is important for financial reporting and planning purposes. The other objectives listed are also important for sales operations, but they do not specifically apply to inventory valuation.

Audit Objectives That Apply to One Sales Portion Are All