After the General Transaction Related-Audit Objectives Are Understood, Specific Transaction-Related

question 101

Multiple Choice

After the general transaction related-audit objectives are understood, specific transaction-related audit objectives for each material class of transactions can be developed.Which of the following statements is true?

• A)There should be at least one specific objective for each relevant general objective.
• B)There will be only one specific objective for each relevant general objective.
• C)There will be many specific objectives developed for each relevant general objective.
• D)There must be one specific objective for each general objective.

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Definitions:

Current Flow

The flow of carriers like electrons that carry electric charge through a conductor or an electric circuit.

Series Circuits

Electrical circuits in which components are connected end-to-end so that current flows through each component in turn without branching.

Path

The intended or actual route or course taken by something or someone.

Voltage

The difference in electric potential between two points, expressed in volts.