Question 1: Explain why auditors translate audit assertions into specific audit objectives when developing an audit program.
Question 2: If you are auditing the existence and occurrence assertion, what specific audit objectives should be accomplished by developing an audit program? Explain the purpose of each audit objective.
Question 3: If you are auditing the valuation or allocation assertion, what specific audit objectives should be accomplished by developing an audit program? Explain the purpose of each audit objective.