Certified Government Auditing Professional (CGAP) Practice Exam

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Which of the following statements regarding required audit evidence is not true?

  1. All these sets of standards describe audit evidence needed with the same adjectives.

  2. The IIA's Standards calls for relevant information to support the conclusion and engagement results.

  3. IFAC focuses on evidence that is sufficient and appropriate.

  4. INTOSAI calls for evidence to be competent, relevant, and reasonable.

The correct answer is: All these sets of standards describe audit evidence needed with the same adjectives.

In this context, the statement that is identified as not true pertains to the uniformity of language used across different auditing standards when describing audit evidence. The assertion that all these sets of standards describe audit evidence needed with the same adjectives is misleading. Each set of standards, including those from the Institute of Internal Auditors (IIA), the International Federation of Accountants (IFAC), and the International Organization of Supreme Audit Institutions (INTOSAI), uses specific terminology that aligns with their unique framework and philosophy regarding audit evidence. The focus of the IIA's Standards is on ensuring that the information gathered during the audit is relevant to the conclusions drawn and the results of the engagement. This emphasis on relevance helps ensure that auditors draw informed conclusions based on appropriate information. IFAC, on the other hand, discusses evidence being both sufficient and appropriate. This concept speaks to the quantity and quality of evidence needed to support audit conclusions, which emphasizes a rigorous assessment of the data. INTOSAI emphasizes that audit evidence must be competent, relevant, and reasonable. This highlights the need for the evidence to not only support audit findings but also to meet established quality standards. Thus, the assertion regarding the uniformity of adjectives used to describe audit evidence among the various auditing standards is

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