Skip to content

CMA Intermediate · Corporate Accounting and Auditing · Audit Engagement, Audit Program, Audit Documentation and Audit Evidence

According to SA 500, the reliability of audit evidence is influenced by which of the following?

Reliability is influenced by the source and the nature of the evidence, and it depends on the individual circumstances under which the evidence is obtained. Sample size, audit fee or materiality are not the stated determinants of reliability.

  1. AIts source and its nature, depending on the circumstances in which it is obtainedCorrect
  2. BOnly the size of the auditor's sample
  3. COnly the fee charged for the audit
  4. DOnly the assessed materiality level

Explanation

SA 500 states that the reliability of evidence is influenced by its source and nature and depends on the individual circumstances under which it is obtained. The other options are not stated factors of reliability.

Did you get it right without looking?

One question tells you little. A timed set on Audit Engagement, Audit Program, Audit Documentation and Audit Evidence shows your real accuracy, how long you take and where you lose marks.

Practise Audit Engagement, Audit Program, Audit Documentation and Audit EvidenceFree diagnostic mock

More Audit Engagement, Audit Program, Audit Documentation and Audit Evidence questions