Which of the Following Is an Accurate Statement Regarding Audit

question 71

Multiple Choice

Which of the following is an accurate statement regarding audit evidence?

• A)Responses to the auditor's questions by client employees is considered highly persuasive evidence.
• B)Audit evidence should provide an absolute level of assurance.
• C)The auditor uses evidence to determine whether the statements are fairly presented.
• D)All evidence must be highly persuasive.

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Definitions:

Cumulative Quantity

The total amount of a particular good or service that has been produced or delivered over a specific period.

Dog Treats

Snacks specifically formulated and intended for consumption by dogs, often used as a form of reward or training aid.

700 Pounds

A unit of weight measurement equal to 700 pounds, often used to specify the weight of objects or materials. Its relevancy varies greatly depending on context.

Noncumulative Quantity Discount

A pricing strategy where discounts are based on the quantity of a single purchase order rather than the total volume purchased over time.