Which of the following statements is true regarding the distinction between general audit objectives and specific audit objectives for each account balance?
A) The specific audit objectives are applicable to every account balance on the financial statements.
B) The general audit objectives are applicable to every account balance on the financial statements.
C) The general audit objectives are stated in terms tailored to the engagement.
D) For any given class of transactions, usually only one audit objective must be met to conclude the transactions are properly recorded.
Correct Answer:
Verified
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