Except for Two Key Differences, the Transaction-Related Audit Objectives Are

question 92

Multiple Choice

Except for two key differences, the transaction-related audit objectives are essentially the same for the processing of credit memos as they are for sales. Which of the following are the two key differences?

• A) risk and emphasis on the completeness objective
• B) materiality and emphasis on the accuracy objective
• C) risk and emphasis on the classification objective
• D) materiality and emphasis on the occurrence objective

---

Definitions:

Territory Coverage

The strategy or practice of ensuring that all potential sales opportunities within a designated geographic or market area are addressed.

Overnight Travel

Travel that requires staying away from home for a night or more, often for business or work purposes.

Territory Coverage

The scope or area a business or sales representative aims to serve or sell to, often defined geographically or demographically.

Sales Technology Tools

Sales technology tools are software and electronic devices designed to support and enhance the sales process.