The quality of audit evidence is determined by its ________ in providing support for the conclusions on which the auditor's opinion is based.
A)relevance and reliability
B)accuracy and valuation
C)classification and understandability
D)occurrence and rights and obligations

Question

Quizplus · Accepted Answer

The relevance and reliability of the audit evidence are key factors in determining its quality. Relevant evidence is directly related to the assertion being tested, while reliable evidence is trustworthy and free from bias. Accuracy and valuation, classification and understandability, and occurrence and rights and obligations are all important aspects of audit evidence, but they are subcategories of relevance and reliability.

The Quality of Audit Evidence Is Determined by Its ________