Given the economic and time constraints in which auditors can collect evidence about management assertions about the financial statements, the auditor normally gathers evidence that is:
A)irrefutable.
B)conclusive.
C)persuasive.
D)completely convincing.

Question

Quizplus · Accepted Answer

Given the economic and time constraints, it is impossible for the auditor to gather evidence that is irrefutable, conclusive, or completely convincing. Therefore, the auditor gathers persuasive evidence that supports management's assertions but does not necessarily prove them beyond any doubt. This evidence is sufficient for the auditor to form an opinion on the fairness of the financial statements.

Given the Economic and Time Constraints in Which Auditors Can