What is the common rationale in the performance of audit procedures?
A) to enable auditors to collect evidence at some time during the audit
B) to justify the conclusions auditors have otherwise reached
C) to defend auditors in the event of a lawsuit
D) to satisfy the requirements of the Corporations Act

Question

Quizplus · Accepted Answer

The primary purpose of performing audit procedures is to enable auditors to collect sufficient and appropriate evidence to support their audit conclusions. This evidence may be collected at any time during the audit process as deemed necessary by the auditors. The other options mentioned are not the primary rationale for performing audit procedures.

What Is the Common Rationale in the Performance of Audit