The evidence requirement in the auditing standards (AU 350 and ISA 530)is to
A)gather relevant and accurate evidence
B)gather reliable and verifiable evidence
C)gather sufficient appropriate evidence
D)gather current and complete evidence

Question

Quizplus · Accepted Answer

The auditing standards (AU 350 and ISA 530) require auditors to gather sufficient appropriate evidence. This means that auditors must gather enough evidence to support their conclusions and that the evidence must be relevant and reliable. Accurate, verifiable, current, and complete evidence are all desirable but not specifically required under the evidence requirement in these standards.

The Evidence Requirement in the Auditing Standards (AU 350 and ISA