An auditor must be willing to accept some degree of risk that the audit conclusion is incorrect.Accordingly,the auditor's objective is to seek ________ that no material error exists in the information audited.
A) absolute reliability
B) reasonable evidence
C) reasonable assurance
D) reasonable objectivity

Question

Quizplus · Accepted Answer

The auditor's objective is to seek reasonable assurance that no material error exists in the information audited. It is not possible to achieve absolute reliability, and there is always some degree of risk that the audit conclusion may be incorrect. Reasonable evidence and reasonable objectivity are also important for a successful audit, but they are not the primary objective.

An Auditor Must Be Willing to Accept Some Degree of Risk