Audit evidence is usually considered sufficient when
A)it is reliable.
B)there is enough quantity to afford a reasonable basis for an opinion on financial statements.
C)it has the qualities of being relevant, objective, and free from unknown bias.
D)it has been obtained through random selection methods.

Question

Quizplus · Accepted Answer

Sufficiency of audit evidence refers to the quantity of evidence. It is considered sufficient when there is enough of it to afford a reasonable basis for an opinion on the financial statements. The other options describe qualities related to the reliability and relevance of evidence, not its sufficiency.

Audit Evidence Is Usually Considered Sufficient When