Which of the Following Statements Concerning Audit Evidence Is Correct

Which of the following presumptions is correct about the reliability of audit evidence Which of the following statements about audit evidence is true The primary reason for an audit by an independent external audit firm is to. Which of the following statements concerning audit evidence is correcta.

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A is incorrect because by itself accounting data cannot be considered sufficient support of the financial statementscorroborating audit evidence is necessary.

. D A clients accounting data cannot be considered sufficient audit evidence. The measure of the reliability of audit evidence lies in the auditors judgmentc. A To be reliable evidence should be convincing rather than simply persuasive.

An audit usually involves the authentication of documentation b. D is incorrect because while auditors must attempt to perform. Which of the following statements concerning audit evidence is correct.

Wrong - Your answer is wrong. Auditing and Assurance Services 9th Edition Edit edition Solutions for Chapter 5 Problem 19MCQ. To be appropriate audit evidence should be either persuasive or relevant but need not be bothb.

Audit evidence obtained from an independent external source is always reliable d. Effective internal control contributes little to the reliability of the evidence created within the entity. B Information obtained directly from outside sources is considered to be the most reliable type of evidence.

A given of set of procedures may provide audit evidence that is relevant to certain assertion but not others. A clients accounting data cannot be considered sufficient audit evidence to support the financial statements. Which of the following statements concerning audit evidence is correct.

Information that is indirectly obtained from external sources is the most reliable audit evidence b. Correct - Your answer is correct. Which of the following statements concerning audit evidence is correct.

Solutions for Chapter 5 Problem 19MCQ. Which of the following statements concerning audit evidence is correcta. Reliability of the audit evidence is dependent upon the evidence being convincing c.

Reliability of evidence refers to the amount of evidence obtained d. Appropriate evidence supporting managements assertions should be convincing rather than merely persuasive. The measure of the reliability of audit evidence lies in the auditors judgmentc.

The difficulty and expense of obtaining audit evidence concerning an account. C is incorrect because reliable evidence may not be sufficient evidence. Determine which of the following is most correct regarding the reliability of audit evidence a.

Responses a b and c are not true. To be appropriate audit evidence should be either persuasive or relevant but need not be bothb. Effective internal control contributes little to the reliability of the.

B is corrent because appropriate evidence is both relevant and reliable. A clients accounting data cannot be considered sufficient audit evidence to support the financial statements. Which of the following presumptions is correct regarding the reliability of audit evidence.

The cost of obtaining evidence is not an important consideration to an auditor in deciding what evidence should be obtained.

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