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 28 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
Excellent

mammy1697

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Evidence that the ATP synthase is a rotary machine Evidence that the ATP synthase is a rotary machine
Evidence for big game hunting by archaic H. sapiens is suggested by the excavations at the Boxgrove Evidence for big game hunting by archaic H. sapiens is suggested by the excavations at the Boxgrove
Evidence for a Coincidence Detector in the Brain of a Barn Owl Evidence for a Coincidence Detector in the Brain of a Barn Owl
Visible evidence of mosaic tissues in a human female Visible evidence of mosaic tissues in a human female
Experimentally acquired evidence for gene annotation Experimentally acquired evidence for gene annotation
Evidence of past whole-genome duplications Evidence of past whole-genome duplications
Video: What are Taste Receptors? How Does it Work? Animation

For a complete list of videos, visit our video library