The competence (reliability) of audit evidence cannot be improved by testing a larger sample of items. True FalseObjective evidence is more reliable, and hence more persuasive, than subjective evidence.True FalseAudit evidence related to balance sheet accounts is more persuasive when it is accumulated during the entire period under audit, than when it is obtained only during the period near the balance sheet date.True FalseCost should never be a consideration when making decisions about evidence for a given audit.True False

Audit Evidence: Audit evidence are the supportive documents of the transaction on the basis of these…

Answered: The competence (reliability) of audit…

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

Chapter6: Audit Evidence

Section: Chapter Questions

Problem 3CYBK

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Question

The competence (reliability) of audit evidence cannot be improved by testing a larger sample of items.
1. True
2. False

Objective evidence is more reliable, and hence more persuasive, than subjective evidence.

True
False

Audit evidence related to balance sheet accounts is more persuasive when it is accumulated during the entire period under audit, than when it is obtained only during the period near the balance sheet date.
1. True
2. False
Cost should never be a consideration when making decisions about evidence for a given audit.
1. True
2. False

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