Question: Two overriding considerations affect the many ways an auditor can accumulate evidence: Sufficient appropriate evidence must be accumulated to meet the auditor's professional responsibility. Cost
Two overriding considerations affect the many ways an auditor can accumulate evidence:
Sufficient appropriate evidence must be accumulated to meet the auditor's professional responsibility.
Cost of accumulating evidence should be minimized.
In evaluating these considerations
A the first is more important than the second.
B the second is more important than the first.
C they are equally important.
D it is impossible to prioritize them.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
