The auditor is required to gather audit evidence to support all assertions for all accounts for each business process.

Question

Quizplus · Accepted Answer

The auditor is required to gather sufficient and appropriate audit evidence to support the material assertions related to the financial statements, but not necessarily for all assertions for all accounts for each business process. The extent and nature of evidence gathered is based on the auditor's judgment and risk assessment.

The Auditor Is Required to Gather Audit Evidence to Support