An Auditor Must Obtain an Adequate Amount of Evidence and the Evidence

question 52

True/False

An auditor must obtain an adequate amount of evidence and the evidence must be of the appropriate quality.

---

Definitions:

Machine Downtime

The period during which a machine is not operational or available for use, often due to maintenance or breakdowns.

Null Hypotheses

In statistical analysis, assumptions made for the purpose of testing, asserting no significant difference or effect is expected.

Alternative Hypotheses

In statistical hypothesis testing, it is the hypothesis that proposes a difference or effect, in contrast to the null hypothesis which proposes no effect or relationship.

Type II Error

Refers to the error that occurs when a statistical test fails to reject a false null hypothesis.