Question details

Generally accepted auditing standards require auditors to gather sufficient appropriate evidence
$ 5.00

Generally accepted auditing standards (the performance
principle) require auditors to gather sufficient appropriate evidence on which to base
an opinion.
Required:
a. Briefly define the characteristics “sufficient” and “appropriate” as they relate to audit
evidence.
b. What are relevance and reliability (as they relate to audit evidence)? How do these concepts
relate to the auditors’ requirement to gather sufficient appropriate evidence?
c. How does the source of evidence affect its reliability?
d. How does the effectiveness of the entity’s internal control affect the sufficiency and
appropriateness of evidence gathered by auditors?

Available solutions
  • Generally accepted auditing standards require auditors to gather sufficient appropriate evidence
    $5.00

    a. Sufficiency refers to the quantity of evidence, which is the number of transaction

    Submitted on: 15 Nov, 2017 01:06:05 This tutorial has not been purchased yet .