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  2. Topic
    Business
  3. Study Set
    Auditing Assurance Services
  4. Exam
    Exam 12: Audit of the sales and collection cycle: Tests of controls and substantive tests of transactions
  5. Question
    The Overall Objective in the Audit of the Sales and Collection
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The Overall Objective in the Audit of the Sales and Collection

Question 1

Question 1

True/False

The overall objective in the audit of the sales and collection cycle is to evaluate whether the account balances affected by the cycle are fairly presented in accordance with Australian accounting standards.

Correct Answer:

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