Which of the Following Statements Is Generally Correct About the Appropriateness

question 48

Multiple Choice

Which of the following statements is generally correct about the appropriateness of audit evidence?

• A)Auditors' direct personal knowledge, obtained through observation and inspection, is of higher quality than information obtained indirectly from independent outside sources.
• B)To be reliable, audit evidence must be either valid or relevant, but need not be both.
• C)Client accounting data alone may be considered sufficient appropriate audit evidence to issue an unmodified opinion on client financial statements.
• D)Appropriateness of audit evidence refers to the amount of corroborative evidence to be obtained.

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Definitions:

Executive

A senior-level employee or an officer in an organization, typically responsible for making strategic decisions and overseeing operations.

Corporate Data

Information that is owned by a company, including customer, financial, and operational data.

Spear-phishing

A targeted email attack, aimed at a specific individual or organization, that attempts to deceive the recipient into divulging confidential information or taking some action.

Sensitive Information

refers to data that must be protected from unauthorized access to safeguard the privacy or security of an individual or organization.