Final answer:
The audit procedures selected depend on the auditors' judgment.
Step-by-step explanation:
The statement mentioned in the question is true, which means agree. Audit procedures are selected based on the auditors' judgment. Auditors use their professional judgment to assess the risks associated with the financial statements of an organization and determine the appropriate audit procedures to gather sufficient and appropriate evidence. The audit procedures selected may vary depending on factors such as the nature of the business, the size and complexity of the organization, and the auditor's assessment of risks.