The second standard of fieldwork requires the auditor to obtain sufficient competent evidence through audit procedures to afford a reasonable basis for an opinion on the financial statements.
Correct Answer:
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Q1: Relevance is the measure of the quality
Q2: Tracing produces primarily analytical evidence.
Q4: Observing relates to watching or witnessing the
Q5: In practice, the terms "working paper schedule"
Q6: Confirmations provide important evidence and are used
Q7: Industry trade associations are not usually good
Q8: Inquiring involves only written inquiry by the
Q9: Much of the audit planning, including obtaining
Q10: The extent of audit procedures does not
Q11: Valuation is generally considered to be the
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