Auditors spend a considerable amount of total audit time on the process of obtaining and evaluating audit evidence in support of management assertions, which is sourced primarily from the client's ________.
A)working papers
B)accounting records
C)internal auditors
D)audit data analytics

Question

Quizplus · Accepted Answer

Auditors gather and assess audit evidence to substantiate management assertions, and this evidence is mainly sourced from the client's accounting records. Working papers, internal auditors, and audit data analytics may also serve as sources of evidence; however, the primary source of evidence is the accounting records of the client.

Auditors Spend a Considerable Amount of Total Audit Time on the Process