Which statement concerning audit evidence is not valid?
A) The auditor is seldom convinced beyond all doubt with respect to all aspects of the financial statements being audited.
B) The auditor performs tests to collect convincing evidence that the financial statements are not misstated.
C) The auditor weighs the cost of obtaining evidence with its usefulness.
D) The auditor considers the amount of risk present in deciding the nature and extent of evidence to be collected.

Question

Quizplus · Accepted Answer

Auditors collect sufficient appropriate evidence to form an opinion, not necessarily convincing evidence that statements are not misstated.

Which Statement Concerning Audit Evidence Is Not Valid