Which of the Following Statements Concerning Audit Evidence Is Correct

question 490

Multiple Choice

Which of the following statements concerning audit evidence is correct?

• A) To be appropriate, audit evidence should be either reliable or relevant, but need not be both.
• B) The measure of the sufficiency of audit evidence lies in the auditor's judgment.
• C) The difficulty and expense of obtaining audit evidence concerning an account balance is always a valid basis for omitting the test.
• D) A client's accounting data can be sufficient audit evidence to support the financial statements.