ASA 500 Requires Auditors to Accumulate Sufficient Appropriate Evidence to Support

question 14

Multiple Choice

ASA 500 requires auditors to accumulate sufficient appropriate evidence to support the opinion issued.Because of the nature of audit evidence, it is:

• A) likely the auditor will be completely convinced that the opinion is correct.
• B) unlikely the auditor will arrive at a conclusion.
• C) unlikely the auditor will be completely convinced that the opinion is correct.
• D) likely that the auditor would change his or her mind about the opinion if he or she took the time to gather additional evidence.

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Definitions:

Personality Traits

Enduring characteristics or qualities of an individual that influence behaviors, emotions, and thoughts across various situations.

Social Phenomena

Events, behaviors, or structures that occur within the context of society, influenced by and influencing individuals and groups.

Individualistic

Describing a cultural or personal orientation that emphasizes personal independence and the self over communal or societal interests.

Individualistic

Describing cultures or perspectives that emphasize the moral worth of the individual and the importance of independence and self-reliance.