1. The sufficiency of audit evidence is determined by:
a. The reliability of the audit evidence.
b. The quantity of evidence gathered.
c. The risk of material misstatement of the assertion being examined.
d. All of the above.
2. Regarding the auditor's reasoning process about an account balance, the auditor should
a. Simply state a conclusion because anything else would lead to second-guessing by another auditor or a lawyer.
b. Identify and document all of the elements of the reasoning process, but only for accounts where audit adjustments were needed.
c. Assure that audit documentation, by itself, is sufficient to support the auditor's opinion without an explicit description of the reasoning process, that is, the evidence should be able to stand on its own.
d. Be limited to analysis made by the partner in charge of the engagement.