The evidence used by auditors has which feature?
A) A high level of assurance is required from the evidence.
B) The evidence is used to determine whether statements are fairly presented.
C) Various types of audit evidence is used.
D) All of the above

Question

Quizplus · Accepted Answer

All of the given options are true. Auditors need a high level of assurance from evidence to give their opinion on the financial statements. Audit evidence is used to evaluate the fairness of financial statements. Various types of evidence such as physical observation, inquiry, documentation, and analytical procedures can be used for auditing.

The Evidence Used by Auditors Has Which Feature