Evidence is relevant when it is closely related to what?
AThe auditor's agreed total fee
BThe assertion or control tested
CThe client's company logo design
DThe planned date of the audit
Answer & Solution
Correct answer: B. The assertion or control tested
Relevance means the evidence bears directly on the assertion or control under test.
Keep practising Financial Audit
Browse all Financial Audit questions for CA Final, or explore more Auditing topics.
Related questions
Which 2002 law led to the creation of the PCAOB?Which firm hid off-book liabilities from banks and shareholders before collapsing?Which office now audits UK government expenditure?Gladstone's 1866 Act made departments produce which annual accounts?Which body did the Securities Exchange Act of 1934 create?Which of these is a method of gathering audit evidence?Why can an audit not give absolute assurance?Financial statements aim to give information useful to whom?