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 related to the tests of controls and transactions phase of the audit process. This is where the auditor tests the effectiveness of internal controls and verifies the accuracy of transactions.

Transaction Related Audit Objectives Would Most Likely Be Performed in Which