The reason auditors accumulate evidence is to:
A) satisfy the requirements of the Corporations Act.
B) enable them to reach conclusions about the fairness of the financial statements and issue an appropriate audit report.
C) defend themselves in the event of a lawsuit.
D) justify the conclusions they have otherwise reached.

Question

Quizplus · Accepted Answer

The primary purpose of accumulating evidence is to enable auditors to arrive at a conclusion about the fairness of the financial statements and issue an appropriate audit report. The other options are not the main reasons for accumulating evidence, although they may be additional benefits.

The Reason Auditors Accumulate Evidence Is To