Which of the Following Statements Is Correct

question 86

Multiple Choice

Which of the following statements is correct?

• A) Since the auditor performs the analytical procedures, these will be competent evidence even if internal controls provide inaccurate data.
• B) Both physical examination and mechanical accuracy are likely to be highly reliable if the internal control structure is ineffective.
• C) The effectiveness of the client's internal control has a significant effect on the competence of most types of evidence.
• D) Specific type of evidence is sufficient by itself to provide reliable evidence to satisfy any audit objective.

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Definitions:

Elisabeth Kübler-Ross

a psychiatrist known for her pioneering work on the five stages of grief and death.

Anger

A strong feeling of displeasure or hostility aroused by what is perceived as wrong, injustice, or frustration.

Terminally Ill

A state of having a disease that is incurable and expected to lead to death within a relatively short time.

Irritable

A state of having a quick temper or being easily annoyed.