The Following Statements Were Made in a Discussion of Audit

question 4

Multiple Choice

The following statements were made in a discussion of audit evidence between two CPAs. Which statement is not valid concerning audit evidence?

• A)"I am seldom convinced beyond all doubt with respect to all aspects of the statements being examined."
• B)"I would not undertake that procedure because at best the results would only be persuasive and I'm looking for convincing evidence."
• C)"I evaluate the degree of risk involved in deciding the kind of evidence I will gather."
• D)"I evaluate the quality of the evidence I can obtain, prior to choosing evidence."

---

Definitions:

Substitute Similar Products

Refers to the practice of using or offering products that are comparable in functionality and quality to the original specified product, to cope with shortages or to provide cost benefits.

Supply Chain Responsiveness

The ability of a supply chain to adapt quickly and efficiently to changes in the market environment, customer preferences, or supply disruptions.

Service Level

A measure of the quality of service provided, often evaluated by the speed and reliability with which a service is delivered.

Substitute Similar Products

Alternative products that serve the same purpose or function as the original product, often used to mitigate risks of stockouts or to diversify product offerings.