Which One of the Following Would Be the Least Reliable

question 36

Multiple Choice

Which one of the following would be the least reliable type of evidence?

• A)Confirmations returned by bank directly to the auditor.
• B)Letters of communication from the Securities Exchange Commission.
• C)Physical examination of perpetual inventory.
• D)Evidence from an easily overridden information system.

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Definitions:

Loss Leader

A pricing strategy where a product is sold at a loss to attract customers, with the expectation that those customers will make additional purchases of more profitable items.

False Advertising

The act of misleading consumers through deceptive, incorrect, or unsubstantiated claims about a product or service.

Loss Leader

A pricing strategy where a product is sold at a loss to attract customers, hoping they will make additional purchases.

Legal Statement

A formal written declaration, usually prepared by a lawyer, that outlines the facts or circumstances pertaining to a legal matter.