Which of the Following Would Not Be Considered Corroborating Information

question 55

Multiple Choice

Which of the following would not be considered corroborating information?

• A) canceled checks held by the client
• B) confirmation from vendors
• C) oral evidence obtained from client personnel
• D) the accountant's work sheet
• E) other information obtained by the auditor

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Definitions:

Creative

Pertains to the ability or quality of generating original ideas, approaches, and solutions to problems or challenges.

Debt Financing

Refers to raising funds for company operations or expansion by borrowing money.

Equity Financing

Raising capital through the sale of shares in a company.

Entrepreneurial Start Up

A phase in the life of a business where an idea is transformed into a marketable product or service through innovative means.