Which of the Following Factors Is Most Important in Determining

question 58

Multiple Choice

Which of the following factors is most important in determining the appropriateness of audit evidence?

• A)The reliability of the evidence in meeting the audit objective.
• B)The sampling method used by the auditor.
• C)The quantity of the evidence obtained.
• D)The objectivity of the auditor gathering the evidence.

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Definitions:

Nonlabor Income

Income received that does not originate from employment or working, such as dividends, interest, or rental income.

Wage Rate

The fixed amount of compensation or payment given to an employee by an employer in return for work performed, typically expressed on an hourly, daily, or piecework basis.

Labor

Work or human effort, including physical and mental, contributed to the production of goods and services.

Leisure

Free time when one is not working or attending to other duties, often used for relaxation, entertainment, or hobbies.