This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: For audit evidence to be compelling to the auditor it must be sufficient and appropriate. Which ... (Read 92 times)

camac77

  • Full Member
  • ***
  • Posts: 139
on: Aug 21, 2022
For audit evidence to be compelling to the auditor it must be sufficient and appropriate. Which statement below is not correct regarding the appropriateness of audit evidence?
◦ The more effective the internal control system, the more assurance it provides the auditor about the reliability of financial reporting by the client.
◦ An auditor's opinion, to be economically useful and profitable to the auditing firm needs to be formed within a reasonable time and based on evidence obtained that assures profits for the auditing firm.
◦ Evidence obtained from independent sources outside the entity is generally more reliable than evidence secured solely within the entity.
◦ The independent auditor's direct personal knowledge, obtained through inquiry, observation and inspection, is generally more persuasive than information obtained indirectly.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by camac77 on Aug 21, 2022

dude123

  • Full Member
  • ***
  • Posts: 171
Reply #1 on: Aug 21, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 49% of students answer this correctly


camac77

  • Member
  • Posts: 139
Reply 2 on: Aug 21, 2022
Wow, this really help

bdobbins

  • Member
  • Posts: 326
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Evidence that Light Travels at a Finite Speed Evidence that Light Travels at a Finite Speed
Evidence of regional continuity: (a) The anatomically modern Willandra Lakes Hominid 50 calvaria fro Evidence of regional continuity: (a) The anatomically modern Willandra Lakes Hominid 50 calvaria fro
Anatomically modern humans left archaeological clues, including evidence of burials, which indicate Anatomically modern humans left archaeological clues, including evidence of burials, which indicate
Common skin signs are often evidence of an illness or disorder. A scale is a thin, dry flake of ... Common skin signs are often evidence of an illness or disorder. A scale is a thin, dry flake of ...
Foundations of evidence-based practice. Foundations of evidence-based practice.
Evidence of past whole-genome duplications Evidence of past whole-genome duplications
Video: The Vestibular System

For a complete list of videos, visit our video library