ACCOUNTS RECEIVABLE BALANCE-RELATED FIGURE 15-2 AUDIT OBJECTIVES TRANSACTION- RELATED g CLASS OF AUDIT TRANSACTIONS OBJECTIVES g|3 03 Sale Existence Relationship between Completeness Transaction-Related Accurac Audit Objectives for the Classification Sales and collection Cvcle and balance- TimIng Related audit Objectives X for accounts receivable and summarization Cash Existenc Completeness Classification TiT Posting Arens. Loebbecke; Auditing, 8/E and summarization @2000 Prentice hall. IncArens, Loebbecke; Auditing, 8/E ©2000 Prentice Hall, Inc. FIGURE 15 -2 Relationship between Transaction-Related Audit Objectives for the Sales and Collection Cycle and Balance￾Related Audit Objectives for Accounts receivable