When Identifying Audit Objectives and Existing Controls

question 59

Multiple Choice

When identifying audit objectives and existing controls,

• A) audit objectives are identified for classes of transactions, account balances, and presentation and disclosure.
• B) the auditor identifies controls to satisfy each objective.
• C) it is helpful for the auditor to use the five control activities as reminders of controls.
• D) all of the above.

---

Definitions:

PESO Model

A marketing strategy framework that categorizes media into four types: Paid, Earned, Shared, and Owned.

Visual Content

Any content in the form of images, videos, infographics, and other multimedia elements used in digital marketing and communications.

Content Marketing Campaign

A marketing effort focused on creating and distributing valuable, relevant, and consistent content to attract and retain a clearly-defined audience, and ultimately, to drive profitable customer action.

PESO Model

A media model that categorizes the types of media as Paid, Earned, Shared, and Owned, used in marketing and public relations to maximize reach and engagement.