Which of the Following Statements Concerning Audit Evidence Is Correct

question 68

Multiple Choice

Which of the following statements concerning audit evidence is correct?

• A) Appropriate evidence supporting management's assertions should be convincing rather than persuasive.
• B) Effective internal controls contribute little to the reliability of the evidence created within the entity.
• C) The cost of obtaining evidence is not an important consideration to an auditor in deciding what evidence should be obtained.
• D) A client's accounting data cannot be considered sufficient audit evidence to support the financial statements.

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Definitions:

Hypnosis

A trance-like state of focused attention and increased suggestibility, with diminished peripheral awareness, often used for therapeutic purposes.

False Memories

Fabricated or distorted recollections of events that did not actually occur, often studied in psychology and memory research.

Deep Repression

A defense mechanism where unwanted thoughts and desires are unconsciously pushed into the inaccessible part of the mind.

Hypnosis

A trance-like mental state induced by a hypnotist, characterized by heightened focus, concentration, and suggestibility.