Which of the Following Types of Audit Evidence Is the Least

question 52

Multiple Choice

Which of the following types of audit evidence is the least reliable?

• A)Evidence from the client's organization.
• B)Evidence derived from a well-controlled system.
• C)Evidence from independent outside sources.
• D)Original documents.

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Definitions:

Debt Investments

Financial assets purchased with the expectation that the original funds will be returned over time with interest, typically including bonds or loans.

Government

The organized system through which a community or nation is ruled, involved in creating and enforcing laws.

Corporation Bonds

Long-term debt securities issued by corporations to finance their operations, acquisitions, or other significant projects.

Trading Security

A financial instrument that is bought and sold for short-term profit within the same accounting period.