A specific objective of an audit of an organization’s expenditure cycle is to determine if all goods paid for have been received and charged to the correct account. This objective would address which of the following primary objectives identified in The IIA’s International Standards for the Professional Practice of Internal Auditing?
I. Reliability and integrity of financial and operational information.
II. Compliance with laws, regulations, and contracts.
III. Effectiveness and efficiency of operations.
IV. Safeguarding of assets.
a. I and II only.
b. I and IV only.
c. I, II, and IV only.
d. II, III, and IV only.