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:

Sociology

The systematic study of human behavior in social context.

Poverty Threshold

The minimum level of income deemed adequate in a particular country to live on; used to identify who is considered to be living in poverty.

Petty Bourgeoisie

A social class between the working class and the bourgeoisie, often including small business owners and self-employed individuals.