Audit Evidence Is Generally Considered Sufficient When

question 59

Multiple Choice

Audit evidence is generally considered sufficient when

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

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Definitions:

Unacceptable Behaviors

Actions or conduct deemed inappropriate, offensive, or outside of agreed norms and values within a specific context.

Organic Organizations

Flexible, adaptable corporate structures with a decentralized approach to management and open communication channels.

Formal Rules

Are the officially sanctioned guidelines and procedures that govern behavior and processes in organizations.

Broadly Defined

Describing concepts or categories in a wide and inclusive manner, often lacking in specific detail.