ASA 500 requires auditors to accumulate sufficient appropriate evidence to support the opinion issued. Because of the nature of audit evidence, it is:
A) unlikely the auditor will be completely convinced that the opinion is correct.
B) likely that the auditor would change his or her mind about the opinion if he or she took the time to gather additional evidence.
C) unlikely the auditor will arrive at a conclusion.
D) likely the auditor will be completely convinced that the opinion is correct.

Question

Quizplus · Accepted Answer

While auditors accumulate sufficient appropriate evidence to support their opinion, audit evidence is persuasive rather than conclusive. This means that it is possible for the auditor to be convinced based on the evidence obtained, but it is unlikely that the auditor will be completely convinced that their opinion is correct, as there may always be some level of uncertainty.

ASA 500 Requires Auditors to Accumulate Sufficient Appropriate Evidence to Support