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Which is an inaccurate statement regarding the sufficiency

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Reference no: EM132789653

Problem 1: Which of the following is an inaccurate statement regarding the sufficiency of audit evidence?

Option 1: The higher the quality of evidence obtained during the audit, the smaller is the quantity of audit evidence that may be necessary for the audit procedure.

Option 2: the amount of evidence gathered during an audit procedure has an indirect impact on the level of detection risk

Option 3: The auditor uses professional judgement in determining the amount and type of evidence necessary for audit procedure

Option 4: the greater the risk of material misstatement, the more evidence that is generally required for the audit procedure.

Reference no: EM132789653

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