Which of the following BEST (select one) describes why the audit universe should be aligned with business strategic objectives? a) Ensures appropriate resources are assigned to conduct the audit. b) The audit charter requires alignment with business objectives. c) Aids in the development of the audit schedule and audit budget. d) Links the entire audit process to entity-wide business strategic objectives.

Which of the following BEST (select one) describes why the audit universe should be aligned with business strategic objectives? a) Ensures appropriate resources are assigned to conduct the audit. b) The audit charter requires alignment with business objectives. c) Aids in the development of the audit schedule and audit budget. d) Links the entire audit process to entity-wide business strategic objectives.

Contemporary Auditing

11th Edition

ISBN:9781337650380

Author:KNAPP

Publisher:KNAPP

Chapter2: Audits Of High-risk Accounts

Section2.5: Lipper Holdings, Llc

Problem 2Q

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