One of the key objectives in auditing sales and receivables is that the customer is
satisfied with the goods or services provided by the company.

Question

Quizplus · Accepted Answer

The key objective in auditing sales and receivables is not related to the customer's satisfaction, but rather to ensure the accuracy and completeness of sales transactions, the existence and valuation of accounts receivable, and the proper classification and disclosure of related items in the financial statements. Customer satisfaction may indirectly impact these objectives, but it is not the primary goal of the audit.

One of the Key Objectives in Auditing Sales and Receivables