Audit procedures are normally performed:
A) to justify the conclusions auditors have otherwise reached.
B) to enable auditors to collect evidence at some time during the audit.
C) to defend auditors in the event of a lawsuit.
D) to satisfy the requirements of the Corporations Act.

Question

Quizplus · Accepted Answer

Audit procedures are designed to enable auditors to collect sufficient and appropriate evidence to support their conclusions and opinion on the financial statements. They are not performed to justify conclusions already reached, to defend auditors in lawsuits, or solely to satisfy legal requirements.

Audit Procedures Are Normally Performed