A is corrent because in obtaining audit evidence to support financial statement assertions, the auditor develops specific audit objectives in light of those assertions.
B is incorrect because while auditors consider the cost-benefit to gather audit evidence, they do not establish audit objectives on that basis.
C is incorrect because the selected audit techniques relate to the audit objectives, rather than the other way around.
D is incorrect because while timing of audit procedures is a factor considered in designing an audit program, audit objectives relate to the financial statements more directly than to the timing of audit procedures.
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