Which of the Following Statements Is Not Correct

question 147

Multiple Choice

Which of the following statements is not correct?

• A) There are many ways an auditor can accumulate evidence to meet overall audit objectives.
• B) Sufficient appropriate evidence must be accumulated to meet the auditor's professional responsibility.
• C) It is appropriate to minimize the cost of accumulating evidence.
• D) Gathering evidence and minimizing costs are equally important considerations that affect the approach the auditor selects.

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Definitions:

Method of Loci

A mnemonic device that involves visualizing a familiar route or place to remember information sequentially by associating it with specific locations.

Recall Information

Recall information refers to the cognitive process of retrieving stored information from memory without the aid of cues.

Distributed Practice

A learning strategy that involves spreading out study sessions over time rather than cramming them into one single session.

SPAR Method

The SPAR Method is a structured approach to problem-solving that involves Scanning, Planning, Acting, and Reflecting.