Which statement about audit evidence is false?
A. The auditor is seldom convinced beyond all doubt with respect to all aspects of the statements being audited.
B. The auditor should not perform a procedure that provides persuasive evidence rather than conclusive evidence.
C. The auditor evaluates the degree of risk involved in deciding the kind of evidence to gather.
D. The auditor balances the benefits of the evidence and the cost to obtain it.
Ans: B. The auditor should not perform a procedure that provides persuasive evidence rather than conclusive evidence.
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The four types of business are ________
A) service, wholesale, retail, and financial B) for profit, nonprofit, wholesale, and retail C) service, merchandising, manufacturing, and financial services D) financial, manufacturing, service, and wholesale
Standards that reflect what is expected to occur are referred to as ______________________________
Fill in the blank(s) with correct word