Which of the following is not one of the steps used to develop audit objectives?
A) know the proper type of audit opinion to issue
B) divide the financial statements into cycles
C) know the management assertions about the financial statements
D) know the specific audit objectives for classes of transactions

Question

Quizplus · Accepted Answer

Knowing the proper type of audit opinion to issue is not a step in developing audit objectives. Audit objectives focus on the specific areas of the financial statements that will be audited and the desired outcomes of the audit procedures. The type of audit opinion is determined based on the auditor's assessment of the overall financial statements and whether they are presented fairly in all material respects.

Which of the Following Is Not One of the Steps