When Considering Each Material Type (Or Class) of Transaction During

question 8

Multiple Choice

When considering each material type (or class) of transaction during the audit, which general transaction-related audit objectives are assessed during the audit?

• A) those transaction-related audit objectives where there is the highest risk of error
• B) all five transaction-related audit objectives
• C) those transaction-related audit objectives where there are poor internal controls
• D) primarily completeness, occurrence, and accuracy, since they typically have most errors

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