Which of the following presumptions does not relate to the appropriateness of audit evidence?
A. The more effective the internal control system, the more assurance it provides about the accounting data and financial statements.
B. An auditor's opinion, to be economically useful, is formed within a reasonable time and based on evidence obtained at a reasonable cost.
C. Evidence obtained from independent sources outside the entity is more reliable than evidence secured solely within the entity.
D. The independent auditor's direct personal knowledge, obtained through observation and inspection, is more persuasive than information obtained indirectly.
B. An auditor's opinion, to be economically useful, is formed within a reasonable time and based on evidence obtained at a reasonable cost.
You might also like to view...
A hearing loss is an example of a ________ barrier
A) psychological B) semantic C) language D) physiological E) mixed message
Select the type of business that is most likely to obtain large amounts of resources by issuing stock
A) Partnership B) Corporation C) Proprietorship D) None are correct.
Exceptions to the use of inductive approach for bad-news messages include
a. messages addressing a very small, insignificant matter. b. memos sent within the company. c. oral presentations. d. all of the above
If the primary goal of the dispute resolution system is putting pressure on negotiators to settle and guaranteeing a solution, then ____________________ is best.
A. mediation B. arbitration C. med-arb D. fact-finding