Why is appropriateness important for audit evidence? What qualities must evidence have to be considered appropriate?
What will be an ideal response?
Appropriateness is a measure of the quality of audit evidence. Evidence is considered appropriate when it provides information that is both relevant and reliable. Relevant evidence should be related to the assertion being tested. Reliable evidence can be relied upon to signal the true state of an assertion.
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There are only two possible ANOVA procedures: one-way ANOVA and two-way ANOVA.
Answer the following statement true (T) or false (F)
Professor Smith often stands in front of his class and reads from the papers in front of him. This is an example of a(n) ______ presentation.
a. manuscript b. impromptu c. extemporaneous d. memorized
Which of the following statements is true of venture capital firms?
A. They prefer to back small firms with opportunities for fast growth. B. They rely more heavily on business plans than on executive summaries in making investment decisions. C. They are a source of debt financing for all large companies. D. They are engaged in assisting disadvantaged businesses that may or may not be successful in the future.
Three types of business case arguments for corporate responsibility include all EXCEPT _____
a. a means of avoiding financial loss. b. CR as a driver of tangible financial gains. c. CR as an important component of a corporation’s strategic approach to long-term business performance. d. a means of financial contingency planning.