Which One of the Following Forms of Evidence Would Be

question 56

Multiple Choice

Which one of the following forms of evidence would be LEAST persuasive in forming the auditor's opinion?

• A) Responses to auditor's questions by the president and controller regarding the investments account
• B) Minutes of the board of directors authorising the purchase of shares as an investment
• C) The auditor's count of marketable securities
• D) Correspondence with a stockbroker regarding the quantity of client's investments held by the broker

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Definitions:

Trade

The practice, in a market economy, in which individuals provide goods and services to others and receive goods and services in return.

Specialize

Specialize refers to the process of focusing efforts and resources on a narrow area of expertise or production to gain efficiency, higher quality, or other advantages.

Comparative Advantage

An economic principle that states a country or individual can produce goods at a lower opportunity cost than others, leading to more efficient global trade outcomes.

France

A country in Western Europe known for its rich history, culture, and significant contributions to art, science, and politics.