Auditing is based on the assumption that financial data are verifiable. Data are verifiable when two or more qualified individuals,
A) working together, can prove, beyond doubt, the accuracy of the data.
B) working independently, each reach essentially similar conclusions.
C) working independently, can prove, beyond reasonable doubt, the truthfulness of the data.
D) working together, can agree upon the accuracy of the data.
E) working together, each reach essentially similar conclusions.

Question

Quizplus · Accepted Answer

Verifiability in auditing means that different independent auditors can reach similar conclusions about the financial data, ensuring the data's reliability and credibility.

Auditing Is Based on the Assumption That Financial Data Are