Which of the Following Statements Is Not Correct

question 147

Multiple Choice

Which of the following statements is not correct?

• A) There are many ways an auditor can accumulate evidence to meet overall audit objectives.
• B) Sufficient appropriate evidence must be accumulated to meet the auditor's professional responsibility.
• C) It is appropriate to minimize the cost of accumulating evidence.
• D) Gathering evidence and minimizing costs are equally important considerations that affect the approach the auditor selects.

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Definitions:

Percent

A way of expressing a number as a fraction of 100, representing a part of a whole.

Normal Model

A statistical model describing data distribution that is symmetric, bell-shaped, and characterized by mean and standard deviation.

Mathematics Test

An examination or assessment intended to measure a person's knowledge, skills, or abilities in mathematics.

Normal Model

A statistical model where the data follow a bell-shaped distribution, with most of the observations clustering around the center mean.