Evidence is usually more persuasive for balance sheet accounts when it is obtained
A) as close to the balance sheet date as possible.
B) only from transactions occurring on the balance sheet date.
C) from various times throughout the client's year.
D) from the time period when transactions in that account were most numerous during the fiscal period.

Question

Quizplus · Accepted Answer

Obtaining evidence as close to the balance sheet date as possible ensures that the account balances are accurate and up to date. This provides more reliable and relevant evidence for balance sheet accounts.

Evidence Is Usually More Persuasive for Balance Sheet Accounts When