What do audit objectives represent in an audit review?

Audit objectives represent high-level goals and anticipated accomplishments in an audit review. They outline the purpose and expected outcomes of the audit process, providing a framework that guides the auditing activities. These objectives help define what auditors aim to achieve, such as ensuring compliance with regulations, assessing the accuracy of financial statements, or identifying opportunities for improvement.

By establishing clear objectives, auditors can focus their efforts on key areas of concern and importance during the review. This not only ensures that resources are allocated effectively but also allows for the assessment of whether the audit has been successful in fulfilling its intended purpose. In essence, the audit objectives serve as a roadmap that directs the entire auditing process and measures its success against predefined standards.