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Except for two key differences, the transaction-related audit objectives are essentially the same ...

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Except for two key differences, the transaction-related audit objectives are essentially the same ...

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?

▸ risk and emphasis on the completeness objective

▸ materiality and emphasis on the accuracy objective

▸ risk and emphasis on the classification objective

▸ materiality and emphasis on the occurrence objective

Textbook

Auditing and Assurance Services

Edition: 17^th

Authors: Arens, Elder, Beasley, Hogan

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This site is awesome

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