Which of the Following Statements Concerning Audit Evidence Is Correct

question 878

Multiple Choice

Which of the following statements concerning audit evidence is correct?

• A) Reliable evidence supporting management's assertions should be conclusive rather than merely persuasive.
• B) An effective internal control structure contributes little to the reliability of the evidence created within the entity.
• C) The cost of obtaining evidence is not an important consideration to an auditor in deciding what evidence should be obtained.
• D) A client's accounting data cannot be considered sufficient audit evidence to support the financial statements.

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Definitions:

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The inclination to attribute the actions of others more to their character traits than to the external situations influencing them, downplaying the impact of contextual circumstances.

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