Which of the Following Statements Is Generally Correct About Audit

question 42

Multiple Choice

Which of the following statements is generally correct about audit evidence?

• A) The auditor's direct personal knowledge, obtained through observation and inspection, is more persuasive than information obtained indirectly from independent outside sources.
• B) To be appropriate, audit evidence must be sufficient.
• C) Accounting data alone may be considered sufficient appropriate audit evidence to issue an unqualified opinion on financial statements.
• D) Appropriateness of audit evidence refers to the amount of corroborative evidence to be obtained.

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Definitions:

Perceptually Advanced

Describes individuals or entities that possess heightened sensory detection and processing abilities beyond the typical range.

Executive Functioning

A set of cognitive abilities that control and regulate other abilities and behaviors, including attention control, inhibitory control, working memory, and cognitive flexibility.

Prefrontal Cortex

The highest level of the frontal lobes that is involved in reasoning, decision making, and self-control.

Brain's Area

Specific regions within the brain, each responsible for different functions such as memory, emotions, and motor skills.