Which of the following presumptions does not relate to the appropriateness of audit evidence?
A)The more effective the internal control system, the more assurance it provides about the accounting data and financial statements.
B)An auditor's opinion, to be economically useful, is formed within a reasonable time and based on evidence obtained at a reasonable cost.
C)Evidence obtained from independent sources outside the entity is more reliable than evidence secured solely within the entity.
D)The independent auditor's direct personal knowledge, obtained through observation and inspection, is more persuasive than information obtained indirectly.

Question

Quizplus · Accepted Answer

This presumption relates to the timeliness and cost-effectiveness of audit evidence, but not its appropriateness or reliability. The other three presumptions listed all relate to the appropriateness and reliability of audit evidence, such as the reliability of independent sources and the importance of direct personal knowledge.

Which of the Following Presumptions Does Not Relate to the Appropriateness