Which of the Following Statements Is True

question 159

Multiple Choice

Which of the following statements is true?

• A) Evidence must be relevant to all of the audit objectives.
• B) If evidence is subjective, it cannot be reliable.
• C) Evidence obtained directly by the auditor may not be reliable if the auditor lacks the qualifications to evaluate the evidence.
• D) The persuasiveness of evidence can be evaluated after considering its sufficiency.

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Definitions:

Forklift

A powered industrial vehicle used to lift and move materials over short distances.

Operating Cost

Expenses associated with the day-to-day operations of a business, excluding costs related to the production of goods.

Useful Life

The estimated period over which an asset is expected to be usable by the entity, affecting depreciation calculations.

Differentiation Value

The unique qualities or characteristics of a product or service that set it apart from competitors in the eyes of customers.