The Overall Objective of the Audit of the Sales and Collection

Multiple Choice

The overall objective of the audit of the sales and collection cycle is to evaluate whether:

A) the sales account and the accounts receivable account are free of errors.
B) the account balances affected by the cycle are fairly presented in accordance with Australian accounting standards.
C) the sales account and the accounts receivable account are presented fairly in accordance with generally accepted accounting principles.
D) the sales account and the accounts receivable account are free of material errors.