B. Audit Objectives

Learn five key financial statement assertions in auditing: existence, completeness, valuation, rights and obligations, and presentation and disclosure.

Audit working papers are essential records of evidence supporting auditing, ensuring adherence to relevant standards.

Learn Management Assertions in Auditing. Explore classifications, transaction-level assertions, and the role of auditors in financial verification.

Audit evidence is all the information collected and used by the auditor in the audit to arrive at a conclusion and provide an audit opinion.

Audit procedures are the auditor’s methods or techniques to observe, gather, evaluate and verify the audit evidence for the audit.