Which of the Following Statements Relating to Audit Evidence Is

question 34

Multiple Choice

Which of the following statements relating to audit evidence is the most accurate statement?

• A) Audit evidence gathered by an auditor from outside an enterprise is reliable.
• B) Accounting data developed under satisfactory conditions of internal control are more relevant than data developed under unsatisfactory internal control conditions.
• C) Oral representations made by management are not valid evidence.
• D) The auditor must obtain sufficient appropriate audit evidence.

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Definitions:

Case on All Fours

Describes a case with factual and legal circumstances so similar to a case at hand that its precedent is considered highly persuasive.

Plaintiff

The party who initiates a lawsuit by filing a complaint against the defendant alleging wrongdoing.

Parties Involved

Parties involved refer to the individuals, groups, or entities that take part in or are directly affected by an event, transaction, or legal case.

Binding Authority

Legal precedents or statutes that a court must follow when making its decision, often from higher courts within the same jurisdiction.