estion 17For 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?O A The more effective the internal control system, the more assurance it provides the auditor about the reliability of financial reporting by the clientO B. The independent auditor's direct personal knowledge, obtained through inquiry, observation and inspection, is generally more persuasive than information obtained indirectlyOC The timeliness of evidence is important as evidence is available only within certain time.OD None of the above.

Option B is wrong because the statement is correct regarding the appropriateness of the audit…

Answered: g the appropriateness of audit evidence

Business

Accounting

g the appropriateness of audit evidence

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

Chapter2: The Auditor’s Responsibilities Regarding Fraud And Mechanisms To Address Fraud: Regulation And Corporate Governance

Section: Chapter Questions

Problem 18RQSC

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