The reliability of audit evidence is a measure of the quality of the underlying evidence and is influenced by risk,potential management bias associated with the evidence,and the quality of the internal control system underlying the preparation of the evidence.

Question

Quizplus · Accepted Answer

The statement is true. The reliability of audit evidence is affected by various factors such as the risk associated with the evidence, potential management bias, and quality of the internal control system. The higher the reliability of evidence, the more likely it is to support the auditor's opinion.

The Reliability of Audit Evidence Is a Measure of the Quality