Which of the following statements is correct with regard to the quality or appropriateness of...
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Accounting
Which of the following statements is correct with regard to the quality or appropriateness of evidential matter? Multiple Choice The auditor's direct personal knowledge, obtained through reperformance and recalculation, is more persuasive than information obtained indirectly from independent outside sources. Evidential matter must be either valid or relevant but need not be both. Internal accounting data alone may be considered sufficient appropriate evidential matter to issue an unqualified opinion on financial statements. Appropriateness of evidential matter refers to the amount of corroborative evidence to be obtained.
Which of the following statements is correct with regard to the quality or appropriateness of evidential matter?
Multiple Choice
The auditor's direct personal knowledge, obtained through reperformance and recalculation, is more persuasive than information obtained indirectly from independent outside sources.
Evidential matter must be either valid or relevant but need not be both.
Internal accounting data alone may be considered sufficient appropriate evidential matter to issue an unqualified opinion on financial statements.
Appropriateness of evidential matter refers to the amount of corroborative evidence to be obtained.
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