The following statements were made in a discussion of audit evidence between two CPAs.Which statement is not valid concerning audit evidence?
A) "I am seldom convinced beyond all doubt with respect to all aspects of the statements being examined."
B) "I would not undertake that procedure because at best the results would only be persuasive and I'm looking for convincing evidence."
C) "I evaluate the degree of risk involved in deciding the kind of evidence I will gather."
D) "I evaluate the usefulness of the evidence I can obtain against the cost of obtaining it."

Question

Quizplus · Accepted Answer

The statement "I'm looking for convincing evidence" implies that the auditor expects to obtain evidence that is completely conclusive, which is not always possible in auditing. Audit evidence can only provide reasonable assurance, not absolute certainty. Therefore, statement B is not a valid approach to audit evidence.

The Following Statements Were Made in a Discussion of Audit