Appropriate audit evidence, to be reliable and relevant, must be quantitative, objective, and absolutely compelling.

Question

Quizplus · Accepted Answer

While quantitative evidence may provide stronger support for an audit conclusion, qualitative evidence can also be relevant and reliable. Objective evidence is important, but it does not need to be absolutely compelling – the level of evidence needed depends on the risk and significance of the audit area being tested. Therefore, the statement is false.

Appropriate Audit Evidence, to Be Reliable and Relevant, Must Be