The overall objectives of the audit test must be stated in terms of the
A)anticipated results.
B)transaction cycle being tested.
C)risks addressed and the transaction cycle being tested.
D)risk addressed and the anticipated results.

Question

Quizplus · Accepted Answer

The overall objectives of the audit test must be stated in terms of the risks addressed and the transaction cycle being tested. This ensures that the audit tests are focused on the specific risks associated with that transaction cycle and will provide relevant information to the auditor. The anticipated results may be a factor in designing the audit tests, but they should not be the primary focus.

The Overall Objectives of the Audit Test Must Be Stated