The auditor's objective is to seek ________ that no material error exists in the information audited.
A)absolute reliability
B)reasonable objectivity
C)reasonable evidence
D)reasonable assurance

Question

Quizplus · Accepted Answer

The term used in the auditing standards is indeed "reasonable assurance" that no material error exists in the information audited. This means that the auditor has obtained enough appropriate evidence to reduce to an acceptably low level the risk that the financial statements contain material misstatements. The terms "absolute reliability" and "reasonable objectivity" are not commonly used in auditing, and "reasonable evidence" does not fully reflect the level of confidence required to issue an audit opinion.

The Auditor's Objective Is to Seek ________ That No Material