Question
Which of the following statements concerning audit evidence is correct? Multiple Choice Appropriate evidence supporting management's assertions should be convincing rather than persuasive. The
Which of the following statements concerning audit evidence is correct? Multiple Choice Appropriate evidence supporting management's assertions should be convincing rather than persuasive. The cost of obtaining evidence is not an important consideration to an auditor in deciding what evidence should be obtained. Effective internal controls contribute little to the reliability of the evidence created within the entity. A company's accounting data cannot be considered sufficient audit evidence to support the financial statements.
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