Audit objectives are developed during the planning stage of an engagement and directly align with the business objectives of the area or process under review. Most engagements focus on ensuring controls are in place to effectively mitigate the risks that could prevent the area or process from accomplishing its business objectives. Auditors also ensure that engagement objectives are consistent with the organization’s objectives in regards to:

1. Achievement of operational goals and objectives
2. Reliability and integrity of information
3. Safeguarding of assets
4. Effective and efficient use of resources
5. Compliance with significant policies, procedures, laws and regulations