Auditing involves the
A)collection,review,and documentation of audit evidence.
B)planning and verification of economic events.
C)collection of audit evidence and approval of economic events.
D)testing,documentation,and certification of audit evidence.

Question

Quizplus · Accepted Answer

Auditing involves the collection, review, and documentation of audit evidence to evaluate and provide an independent opinion on the accuracy and reliability of financial statements or other economic events. Planning and verification of economic events are part of the audit process, but they are not the only elements of auditing. The approval and certification of economic events are not part of the auditing process; instead, auditors provide an opinion on the financial statements or other economic events based on the audit evidence collected and reviewed. Therefore, option A is the best choice.

Auditing Involves the