Which of the following statements is not correct? A) There are many ways an auditor can accumulate evidence to meet overall audit objectives. B) Sufficient appropriate evidence must be accumulated to meet the auditor's professional responsibility. C) It is appropriate to minimize the cost of accumulating evidence. D) Gathering evidence and minimizing costs are equally important considerations that affect the approach the auditor selects. E) All of the above
Which of the following statements is not correct? A) There are many ways an auditor can accumulate evidence to meet overall audit objectives. B) Sufficient appropriate evidence must be accumulated to meet the auditor's professional responsibility. C) It is appropriate to minimize the cost of accumulating evidence. D) Gathering evidence and minimizing costs are equally important considerations that affect the approach the auditor selects. E) All of the above
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter5: Professional Auditing Standards And The Audit Opinion Formulation Process
Section: Chapter Questions
Problem 44CYBK
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![Which of the following statements is not correct?
A) There are many ways an auditor can accumulate evidence to meet
overall audit objectives.
B) Sufficient appropriate evidence must be accumulated to meet the
auditor's professional responsibility.
C) It is appropriate to minimize the cost of accumulating evidence.
D) Gathering evidence and minimizing costs are equally important
considerations that affect the approach the auditor selects.
E) All of the above](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7c107e57-670d-4467-947f-8f7edf5447d8%2F94a54572-d84c-4b6b-9e32-5bf09c07cfbb%2Fyp0nry_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Which of the following statements is not correct?
A) There are many ways an auditor can accumulate evidence to meet
overall audit objectives.
B) Sufficient appropriate evidence must be accumulated to meet the
auditor's professional responsibility.
C) It is appropriate to minimize the cost of accumulating evidence.
D) Gathering evidence and minimizing costs are equally important
considerations that affect the approach the auditor selects.
E) All of the above
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