Given the Economic and Time Constraints in Which Auditors Can

question 14

Multiple Choice

Given the economic and time constraints in which auditors can collect evidence about management assertions about the financial statements, the auditor normally gathers evidence that is:

• A)irrefutable.
• B)conclusive.
• C)persuasive.
• D)completely convincing.

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Definitions:

Legislative History

This term refers to the documents that are produced by the legislature during the enactment of a law, which can include debates, committee reports, and amendments.

Plain Meaning Interpretation

A method of legal interpretation where courts determine meaning based on the ordinary, literal, or straightforward sense of the language.

Administrative Regulations

Rules and directives issued by government agencies that have the force of law and guide the implementation of statutes.

O'Connor v. Oakhurst Dairy

A legal case concerning the interpretation of a law's punctuation, namely the lack of an Oxford comma, affecting the entitlement of overtime pay to drivers.