Discuss the similarities and differences between evidence in a legal case and evidence in an audit of financial statements Begin by identifying the similanitos between evidence in a legal case and evidence in an audit of financial statements. (Select all that apply) C A. In both, a judge or jury decides the guilt or innocence of the defendant based on the evidence. B. In both, evidence is used by an unbiased person to draw conclusions. C. The guilt of a defendant in a legal case must be proven beyond a reasonable doubt. This is similar to the concept of sufficient appropriate evidence in an audit situation. As with a judge or jury, an auditor cannot be completely convinced that his or her opinion is correct, but rather must obtain a high level of assurance. E. In both, the nature of evidence relies heavily on testimony by witnesses and other partos involved dentify the differences between evidence in a legal case and evidence in an audit of financial statements. (Seloct all that apply) D. In both, the consequences of an incorrect decision in both situations can be equally undesirable A. Only in a legal case can the consequence of an incorrect decision be undesirable B. The guilt of a defendant in a legal case must be proven beyond a reasonable doubt. This is highly different than the concept of sufficient appropriate evidence in an audit situation. Unlike with a judge or level of assurance n a legal case, a udge or jary decides the guilt or innocence of the defendant in an audit the auditor issues one of several audit opinions after evaluating the evidence jury, an auditor need not be completely convinced that his or her opinion is correct, but rather must obtain a high C D. A legal case relies heavily on testimony by witnessos and other parties involved. While inquiry is a form of evidence used by auditors, other more reliable types of evidence such as confirmation with third parties, physical examination, and inspection are also used extensively E. Only in the audit of a financial statement is evidence used by an unbiased person to draw conclusions. Click to select your answerls)