Audit Evidence Is Usually Considered Sufficient When

question 50

Multiple Choice

Audit evidence is usually considered sufficient when

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

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Definitions:

Parasitic Infection

An infestation by organisms such as bacteria, viruses, fungi, or parasites that survive and thrive at the expense of a host organism.

Fresh

Recently made, obtained, or harvested; not stale or deteriorated.

Urethral Obstruction

A blockage in the urethra, preventing the normal flow of urine from the bladder.

Renal Failure

A medical condition in which the kidneys lose their ability to function properly, resulting in the accumulation of toxins and waste in the body.