Transaction related audit objectives would most likely be performed in which phase of the audit process?
A)Plan and design audit approach
B)Perform audit tests for controls and transactions
C)Perform analytical procedures and tests of balances
D)Complete the audit and issue the audit report

Question

Quizplus · Accepted Answer

Transaction related audit objectives are primarily focused on testing the effectiveness of controls and the accuracy of transactions. This would be performed in the phase of performing audit tests for controls and transactions.

Transaction Related Audit Objectives Would Most Likely Be Performed in Which