Audit evidence will typically consist of ________.
A)all observations made by the auditor
B)all records prepared by the auditor, not including records received from external entities
C)information that supports and corroborates management's assertions and any information that contradicts the assertions
D)information that supports the auditor's initial assessment of audit risk

Question

Quizplus · Accepted Answer

Audit evidence typically includes information that supports and corroborates management's assertions, as well as any information that contradicts those assertions. It is not limited to observations made by the auditor or records prepared by the auditor, and it may or may not corroborate the auditor's initial assessment of audit risk.

Audit Evidence Will Typically Consist of ________