Lesson: Understanding Sufficient Appropriate Evidence Practice Questions

In this lesson, Nick Palazzolo, CPA, works through multiple choice questions focused on audit evidence, specifically sufficient appropriate evidence. He breaks down a wordy and challenging question to better understand the goal and concerns related to determining whether prior period closing balances have been correctly brought forward to the current period. Furthermore, he explains how audit procedures performed in the current period provide evidence relevant to the opening balances and discusses the least reliable types of audit evidence. This lesson provides valuable insights into understanding sufficient appropriate evidence and strategies to tackle complex questions.