After the general transaction related-audit objectives are understood, specific transaction-related audit objectives for each material class of transactions can be developed.Which of the following statements is true?
A)There should be at least one specific objective for each relevant general objective.
B)There will be only one specific objective for each relevant general objective.
C)There will be many specific objectives developed for each relevant general objective.
D)There must be one specific objective for each general objective.

Question

Quizplus · Accepted Answer

There should be at least one specific objective for each relevant general objective, but there may be more than one objective. The specific objectives provide detailed guidance for the auditor to design audit procedures and evaluate the results.

After the General Transaction Related-Audit Objectives Are Understood, Specific Transaction-Related