Specific audit objectives for a class of transactions or an account balance should be designed such that, once they have been satisfied, the related general audit objective should also have been satisfied for that class of trans actions or account
An auditor should examine the objectives at regular intervals throughout an audit, and decide whether the results to date will allow them to be met
Audit objectives are intended to obtain reasonable assurance that financial statements are free of material misstatements, and to issue a report on them
Audit objectives are intended to obtain reasonable assurance that the financial statements are free of material misstatements, and to issue a report on those financial statements based on the findings resulting from the audit
If these objectives cannot be met, then the auditor must either disclaim an opinion or withdraw from the engagement
