For Audit Evidence to Be Compelling to the Auditor It

question 69

Multiple Choice

For audit evidence to be compelling to the auditor it must be sufficient and appropriate. Which statement below is not correct regarding the appropriateness of audit evidence?

• A) The more effective the internal control system, the more assurance it provides the auditor about the reliability of financial reporting by the client.
• B) An auditor's opinion, to be economically useful and profitable to the auditing firm needs to be formed within a reasonable time and based on evidence obtained that assures profits for the auditing firm.
• C) Evidence obtained from independent sources outside the entity is generally more reliable than evidence secured solely within the entity.
• D) The independent auditor's direct personal knowledge, obtained through inquiry, observation and inspection, is generally more persuasive than information obtained indirectly.

Learn the process of organizing information in reports using various methods.

Understand the significance of referencing borrowed information and the differences between quoting, paraphrasing, and summarizing.

Grasp the basics of performing effective database searches.

Appreciate the differences between primary and secondary information and their relevance in research.

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Definitions:

Diseases

Medical conditions characterized by specific signs and symptoms that affect the body's structure or function.

Nervous System

The complex network of nerves and cells that transmits signals between different parts of the body, coordinating its actions and sensory information.

Neurology

The branch of medicine that deals with the study and treatment of disorders of the nervous system.

Disorders

Conditions that disrupt normal functions of the body or mind, leading to symptoms that affect health, wellness, and quality of life.