ASA 500 requires auditors to accumulate sufficient appropriate evidence to support the opinion issued.Because of the nature of audit evidence, it is:
A) likely the auditor will be completely convinced that the opinion is correct.
B) unlikely the auditor will arrive at a conclusion.
C) unlikely the auditor will be completely convinced that the opinion is correct.
D) likely that the auditor would change his or her mind about the opinion if he or she took the time to gather additional evidence.

Question

Quizplus · Accepted Answer

Audit evidence is persuasive rather than conclusive, meaning that it is unlikely that the auditor will be completely convinced that the opinion is correct. The auditor must use professional judgement to evaluate the sufficiency and appropriateness of the evidence gathered.

ASA 500 Requires Auditors to Accumulate Sufficient Appropriate Evidence to Support