Which of the following statements is true?
A) The circumstances may vary from audit to audit, but the evidence accumulated remains the same.
B) The general audit objectives may vary from audit to audit, but the circumstances remain the same.
C) The general audit objectives remain the same from audit to audit, but the evidence varies, depending on the circumstances.
D) The evidence that the auditor accumulates remains the same from audit to audit, but the general audit objectives vary, depending on the circumstances.

Question

Quizplus · Accepted Answer

The general audit objectives, such as obtaining reasonable assurance that financial statements are free from material misstatements, remain the same from audit to audit. However, the evidence accumulated by the auditor can vary depending on the specific circumstances of the audit, such as changes in the control environment or new accounting standards. Therefore, option C accurately reflects the relationship between the general audit objectives and the evidence accumulated during the audit process.

Which of the Following Statements Is True