Multiple Choice
Which of the following is a correct statement regarding audit evidence?
A) A large sample of evidence provided by an independent party is always considered persuasive evidence.
B) A small sample of only one or two pieces of highly appropriate evidence is always considered persuasive evidence.
C) The auditor must obtain a sufficient amount of relevant and reliable evidence to form an opinion on the fairness of the financial statements.
D) Evidence is usually more reliable for balance sheet accounts when it is obtained within six months of the balance sheet date.
Correct Answer:
Verified
Correct Answer:
Verified
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Q83: A(n) _ is a supporting schedule that
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Q85: It is not common nor required for
Q86: The _ always includes a list of
Q88: An example of highly persuasive evidence to
Q89: When analytical procedures reveal unusual fluctuations in
Q90: One purpose of performing analytical procedures in
Q91: A canceled check written by the client,
Q92: Auditing standards require that records for audits