Auditing is defined as a "systematic process of objectively obtaining and evaluating evidence regarding assertions..." What is meant by "systematic process"?
A)All audits involve obtaining the same evidence.
B)All audits involve evaluating evidence in the same manner.
C)There should be a well-planned approach for obtaining and evaluating evidence.
D)All assertions are equally important for all audits.

Question

Quizplus · Accepted Answer

A systematic process refers to having a structured and planned approach for obtaining and evaluating evidence. This involves following a set of procedures and methods that ensure a consistent and thorough examination of the relevant assertions. This helps to ensure that the audit is conducted in a reliable and effective manner, and that the findings are accurate and objective.

Auditing Is Defined as a "Systematic Process of Objectively Obtaining