ACCA AA · Chapter 9 · Question 8 of 10
Why is enquiry alone generally not sufficient audit evidence?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: A) It does not usually provide sufficient evidence of the absence of a material misstatement or of the operating effectiveness of controls
Explanation
Enquiry is a valid procedure used throughout the audit, but its reliability depends on the knowledge and objectivity of the person asked. ISA 500 and ISA 330 state that enquiry alone is not sufficient to test operating effectiveness of controls or to detect material misstatements, so it should be corroborated with other procedures.
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