Audit evidence is generally considered sufficient when
A)it is appropriate.
B)there is enough of it to afford a reasonable basis for an opinion on financial statements.
C)it has the qualities of being relevant,objective,and free from known bias.
D)it has been obtained by random selection.

Question

Quizplus · Accepted Answer

Sufficient audit evidence means that there is enough evidence obtained to support the auditor's opinion on the financial statements. It does not necessarily mean that all possible evidence has been gathered, but rather that the evidence gathered is of sufficient quantity and quality to support the opinion. The other options are important qualities of audit evidence but do not directly relate to sufficiency.

Audit Evidence Is Generally Considered Sufficient When