Specific audit objectives are normally:
A) the same as the categories of management's financial statement assertions.
B) developed for each item in the financial statements and derived from the categories of management's financial statement assertions.
C) derived from the categories of management's financial statement assertions.
D) developed for each item in the financial statements.
E) developed for material items in the financial statements.

Question

Quizplus · Accepted Answer

Specific audit objectives are developed for each item in the financial statements and are derived from the categories of management's financial statement assertions to ensure that each assertion is adequately tested.

Specific Audit Objectives Are Normally