The independent auditor's opinion explains how much evidence the auditor collects during the independent audit.How much evidence is collected?
A)sufficient and appropriate evidence to provide a basis for the audit opinion
B)sufficient evidence to state that there are no material errors in the financial statements
C)appropriate evidence to be able to evaluate the exact accuracy of the accounting estimates
D)sufficient and appropriate evidence to conclude the financial statements present a true and fair view of the economic events of the organization

Question

Quizplus · Accepted Answer

The independent auditor's opinion states that the auditor collected sufficient and appropriate evidence to provide a basis for the audit opinion. This means that the auditor collected enough evidence, and that evidence is relevant and reliable, to support their opinion on whether the financial statements present a true and fair view of the economic events of the organization.

The Independent Auditor's Opinion Explains How Much Evidence the Auditor