n evidence in a legal case and evidence in an audit of financial statements (Sel ect all that apply.) A. In both, the nature of evidence relies heavily on testimony by witnesses and other parties involved. B. In both, evidence is used by an unbiased person to draw conclusions. C. In both, a judge or jury decides the guilt or innocence of the defendant based on the evidence. D. In both, the consequences of an incorrect decision in both situations can be equally undesirable. E. 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. Identify the differences between evidence in a legal case and evidence in an audit of financial statements. (Select all that apply) Only in the audit of a financial statement is evidence used by an unbiased person to draw conclusions. of evidence such as confirmation with third parties, physical examination, and inspection are also used extensively. evidence. in an audit situation Unlike with a judge or jury, an auditor need not be completely convinced that his or her opinion is correct, but ather must obtain a high A. B. A legal case relies heavily on testimony by witnesses and other parties involved. While inquiry is a form of evidence used by auditors, other more reliable types C. In a legal case, a judge or jury decides the guilt or innocence of the defendant In an audit, the auditor issues one of several audit opinions after evaluating the D. 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 level of assurance Only in a legal case can the consequence of an incorrect decision be undesirable. E