When Making Decisions About Evidence for a Given Audit, the Auditor's

question 37

Multiple Choice

When making decisions about evidence for a given audit, the auditor's goal is to obtain a sufficient amount of timely, reliable evidence that is relevant to the information being verified.In addition, the goal of audit efficiency is to gather and evaluate the information:

• A)no matter the cost involved in obtaining such evidence.
• B)even if cost is irrelevant to the auditor, because they bill the client for costs incurred.
• C)at the lowest possible total cost.
• D)at the cost suggested in the engagement letter.

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Definitions:

Common Method

A widely accepted or utilized technique or approach within a specific field or discipline for achieving certain objectives or results.

Jumping

The action of propelling oneself into the air through the forceful extension of the legs, often used in sports, exercise, or as a means of bypassing obstacles.

Firearms

Portable weapons that launch one or more projectiles driven by rapidly expanding high-pressure gas produced chemically by propellant combustion.

Suicide Rate

A statistical measure representing the number of suicide deaths in a specified population or area over a given timeframe.