Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the following is statements is generally correct about audit evidence? a. Appropriateness of audit evidence refers to audit evidence obtained from outside the

Which of the following is statements is generally correct about audit evidence?

a. Appropriateness of audit evidence refers to audit evidence obtained from outside the entity

b. Appropriateness of audit evidence refers to the amount of corroborative evidence obtained

c. The more effective the internal control structure, the more assurance it provides about the reliability of the accounting data and financial statements

d. Information obtained indirectly from independent outside sources is more persuasive than the auditor's direct personal knowledge obtained through observation and inspection

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing Principle And Practice

Authors: Satyabrata Tripathy

1st Edition

9332519382, 9789332519381

More Books

Students also viewed these Accounting questions

Question

Organize and support your main points

Answered: 1 week ago

Question

Move smoothly from point to point

Answered: 1 week ago

Question

Outlining Your Speech?

Answered: 1 week ago