Which of the Following Is a Correct Statement Regarding Audit

question 87

Multiple Choice

Which of the following is a correct statement regarding audit evidence?

• A) A large sample of evidence provided by an independent party is always considered persuasive evidence.
• B) A small sample of only one or two pieces of highly appropriate evidence is always considered persuasive evidence.
• C) The auditor must obtain a sufficient amount of relevant and reliable evidence to form an opinion on the fairness of the financial statements.
• D) Evidence is usually more reliable for balance sheet accounts when it is obtained within six months of the balance sheet date.

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Definitions:

Brand Communities

Groups of customers and enthusiasts who are devoted to a specific brand and its products, often interacting and sharing experiences.

Ethical Concern

Issues or situations that require consideration of moral principles and values.

Content Curation Site

A website that aggregates, organizes, and shares curated content on specific topics or interests.

Expert

An individual with a high level of knowledge or skill in a particular area, often gained through experience or education.