On each engagement, the specific audit objectives will normally be:
A) the same for all clients in the same industry.
B) equal to the number of categories of management's financial report assertions.
C) similar for all clients in the same industry.
D) tailored to fit the individual client.

Question

Quizplus · Accepted Answer

Audit objectives are specifically tailored to fit the individual client's circumstances, taking into account the unique aspects of their operations, internal controls, and financial reporting requirements. This customization ensures that the audit effectively addresses the specific risks and challenges faced by each client.

On Each Engagement, the Specific Audit Objectives Will Normally Be