Question: Explain why in most instances audit evidence is persuasive rather than convincing.

Explain why in most instances audit evidence is persuasive rather than convincing.

Step by Step Solution

★★★★★

3.39 Rating (165 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Audit evidence is usually persuasive rather than convincing for ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

331-B-A-A-A-N (267).docx

120 KBs Word File

Students Have Also Explored These Related Auditing Questions!

Q:

Explain why the quality of audit evidence is determined by the choice of the audit procedure and the assertion at risk of material misstatement.

Q:

Why are questions the most useful persuasive tactic?

Q:

Why are most large companies established as corporations rather than as partnerships?

Q:

Explain why in most instances audit evidence is persuasive rather than convincing

Q:

Explain why in most instances audit evidence is persuasive rather than convincing.. p-968

Q:

Auditors need to obtain evidence on a cost-effective basis, and consequently, the nature of audit evidence is persuasive rather than conclusive Required 1. Explain fully why evidence is always...

Q:

Auditors need to obtain evidence on a cost-effective basis, and consequently, the nature of audit evidence is persuasive rather than conclusive Required 1.Explain fully why evidence is always...

Q:

1 Which statement is correct regarding assurance engagements? A It is an engagement in which a practitioner expresses a conclusion designed to enhance the degree of confidence of the intended users...

Q:

1. Which of the following is not among the risk assessment procedures that the auditor should perform in obtaining an understanding of the entity and its environment, including its internal control?...

Q:

a. In accordance with the Philippine Framework for Assurance Engagements, obtaining absolute assurance is generally not attainable as a result of such factors as: b. C. d. The use of selective...

Q:

The independent board of governors of the state+-funded Chambon school for 11-16 year old children met to consider its most recent set of public examination results. One of the key responsibilities...

Q:

Accenture Ltd prepares Financial Statements to 30 September each year. During the year ended 30 September 2020, Accenture (which has a number of subsidiaries) engaged in the following transactions:...

Q:

The audions are planning an audit engagement for a new client. The business of the client is unfamiliar to the suditors. Which of the following would be the most useful source of information for the...

Q:

Comment on the following statement: Once I retire, I wont have to worry about my investments anymore.

Q:

Be familiar with the auditor's documentation requirements. plo89

Q:

Know what information must be included in management's report on internal control over financial reporting, plo89

Q:

Understand the auditor's responsibility to evaluate and issue an opinion on management's assessment of the effectiveness of internal control over financial reporting? plo89

Q:

Compute the NPV statistic for Project Y if the appropriate cost of capital is 11 percent. (Negative amount should be indicated by a minus sign. Do not round intermediate calculations and round your...

Q:

5) Based on the following information, create a Cash Flow Plan (Budget), breaking out Fixed Expenses and Variable Expenses (20 pts). Does Joe have a surplus or shortfall? (1 pt) As it stands, how...

Q:

You just opened a brokerage account, depositing $4,000. You expect the account to earn an interest rate of 10.2%. You also plan on depositing $1,500 at the end of years 5 through 10. What will be the...