Audit Evidence Is Generally Considered Sufficient When

question 59

Multiple Choice

Audit evidence is generally considered sufficient when

• A)it is appropriate.
• B)there is enough of it to afford a reasonable basis for an opinion on financial statements.
• C)it has the qualities of being relevant,objective,and free from known bias.
• D)it has been obtained by random selection.

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Definitions:

Society Embraces

The acceptance or adoption of ideas, behaviors, or innovations by the general public or community.

Future Rewards

Future rewards refer to the benefits or compensation that an individual or group anticipates receiving as a result of their actions or decisions in the future.

Cultural Value

Deeply rooted beliefs shared by a community that influence behavior and shape perceptions, contributing to the identity of a social group.

Individualism

A cultural or social perspective that emphasizes the moral worth of the individual and the importance of personal independence and self-expression.