The "Sufficiency" of Audit Evidence Is

question 97

Multiple Choice

The "sufficiency" of audit evidence is

• A)a measure of the quantity of evidence needed
• B)a measure of the quality of audit evidence needed
• C)a measure of the relevance of the evidence needed
• D)a measure of the reliability of the evidence

---

Definitions:

Agency Importance

The significance of an agency relationship where one party (the agent) is authorized to act on behalf of another (the principal) in dealings with third parties.

Employer-Independent Contractor

A working relationship where the contractor provides services under a contract for a specific task, without being entitled to employee benefits or subject to the same control as an employee.

Independent Contractors

Individuals or entities hired to perform specific tasks or services, who maintain control over how their work is completed, rather than employees.

Authorizes

To give official permission or power to someone to do something.