37 Evidence obtained by auditor are persuasive rather than conclusive in nature therefore they cannot be cent percent reliable. What is/are the basis of reliability of audit evidence? a. Only the sources from where the evidence obtained b. Both sources and nature of audit evidence c. Only the nature of evidence obtained d. None of the options
37 Evidence obtained by auditor are persuasive rather than conclusive in nature therefore they cannot be cent percent reliable. What is/are the basis of reliability of audit evidence? a. Only the sources from where the evidence obtained b. Both sources and nature of audit evidence c. Only the nature of evidence obtained d. None of the options
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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37
Evidence obtained by auditor are persuasive rather than conclusive in nature therefore they cannot be cent percent reliable. What is/are the basis of reliability of audit evidence?
a.
Only the sources from where the evidence obtained
b.
Both sources and nature of audit evidence
c.
Only the nature of evidence obtained
d.
None of the options
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