Which one 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 evidence that the auditor accumulates remains the same from audit to audit, but the general audit objectives vary, depending on the circumstances.
D) The general audit objectives remain the same from audit to audit, but the evidence varies, depending on the circumstances.

Question

Quizplus · Accepted Answer

The general audit objectives, such as ensuring the financial statements are free of material misstatement and assessing the effectiveness of an entity's internal control, remain consistent across audits. However, the specific evidence gathered by an auditor can vary significantly depending on the unique circumstances of each audit, such as the nature of the entity's operations, the industry in which it operates, and the period being audited.

Which One of the Following Statements Is True