Which of the following statements concerning audit evidence is correct?
A)Appropriate evidence supporting management's assertions should be convincing rather than persuasive.
B)Effective internal controls contribute little to the reliability of the evidence created within the entity.
C)The cost of obtaining evidence is not an important consideration to an auditor in deciding what evidence should be obtained.
D)A company's accounting data cannot be considered sufficient audit evidence to support the financial statements.

Question

Quizplus · Accepted Answer

Accounting data alone is not sufficient to support the financial statements because it needs to be corroborated by additional evidence through the audit process. This ensures the accuracy and reliability of the financial information presented.

Which of the Following Statements Concerning Audit Evidence Is Correct