Which of the following statements is generally correct about the appropriateness of audit evidence?
A) Auditors' direct personal knowledge, obtained through observation and inspection, is of higher quality than information obtained indirectly from independent outside sources.
B) To be reliable, audit evidence must be either valid or relevant, but need not be both.
C) Client accounting data alone may be considered sufficient appropriate audit evidence to issue an unmodified opinion on client financial statements.
D) Appropriateness of audit evidence refers to the amount of corroborative evidence to be obtained.
Correct Answer:
Verified
Q10: Which of the following is not considered
Q11: Auditors try to achieve independence in appearance
Q12: The standard auditors' report refers to standards
Q13: Internal evidence
A)is obtained directly from third parties
Q14: Audit evidence is usually considered sufficient when
A)it
Q16: A vendor's invoice received and held by
Q17: Which of the following would most likely
Q18: Which of the following is not included
Q19: An audit of the financial statements of
Q20: The preparation of an audit plan prior
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