Which Statement Concerning Audit Evidence Is Not Valid

question 19

Multiple Choice

Which statement concerning audit evidence is not valid?

• A) The auditor is seldom convinced beyond all doubt with respect to all aspects of the financial statements being audited.
• B) The auditor performs tests to collect convincing evidence that the financial statements are not misstated.
• C) The auditor weighs the cost of obtaining evidence with its usefulness.
• D) The auditor considers the amount of risk present in deciding the nature and extent of evidence to be collected.

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Definitions:

Organization

An arranged group of people and resources structured to achieve specific goals or carry out a range of activities.

Organizational Behaviour

The study of how individuals and groups act within organizations, and how these entities interact with their environments.

Strategic Priority

Refers to the focus areas or actions that an organization identifies as most important to achieve its strategic goals.

Job Design

The process of arranging work tasks for employees, aiming to optimize employee performance and job satisfaction.