The Following Statements Were Made in a Discussion of Audit

question 69

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 usefulness of the evidence I can obtain against the cost of obtaining it."

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Definitions:

Arthroplasty

Surgical reconstruction or replacement of a joint.

Arthralgia

Pain in a joint.

Chondrocostal

Pertaining to the cartilage and ribs, often used to describe the connection between rib cartilage and the ribs themselves.

Cost

The amount of money required to purchase something or the expenditure incurred by a business in producing goods or services.