Final answer:
The correct statement is that A) there should be at least one specific objective for each relevant general audit objective. This ensures a comprehensive evaluation of financial statements for each general aspect audited.
Step-by-step explanation:
After understanding general audit objectives, it is indeed necessary to develop specific audit objectives for each account balance on the financial statements. The statement that is true among the options given is: A) There should be at least one specific objective for each relevant general objective. This approach ensures that each aspect of the financial statements is thoroughly examined and the audit objectives are met in full. To articulate further, general audit objectives serve as a framework for the evaluation of financial information, but they must be translated into specific objectives that relate to particular account balances, transactions, and disclosures. Therefore, while it is not always the case that there is a one-to-one correspondence between general and specific objectives (as more than one specific objective can correspond to a general objective), every relevant general audit objective should be paired with at least one specific audit objective to ensure comprehensive coverage.