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Which of the following statements about audit evidence is true? The difficulty and expense of obtaining audit evidence about an account balance is a valid
Which of the following statements about audit evidence is true?
The difficulty and expense of obtaining audit evidence about an account balance is a valid basis for omitting the test.
The sufficiency and appropriateness of audit evidence is a matter of professional judgment.
To be appropriate, audit evidence should be either persuasive or relevant but need not be both.
A client's accounting records can be sufficient audit evidence to support the financial statements.
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