Auditors accumulate evidence to:
A) defend themselves in the event of a lawsuit.
B) justify the conclusions they have otherwise reached.
C) satisfy the requirements of the Securities Acts of 1933 and 1934.
D) enable them to reach conclusions about the fairness of the financial statements.

Question

Quizplus · Accepted Answer

The primary purpose of accumulating evidence is to enable auditors to reach conclusions about the fairness of the financial statements. The other choices, such as defending against a lawsuit, justifying conclusions, or satisfying regulatory requirements, may be byproducts of accumulating evidence but are not the primary objective.

Auditors Accumulate Evidence To