Which of the Following Presumptions Does Not Relate to the Reliability

question 53

Multiple Choice

Which of the following presumptions does not relate to the reliability of audit evidence?

• A)The more effective the client's internal control, the more assurance it provides about the accounting data and financial statements.
• B)The auditors' opinion, to be economically useful, is formed within reasonable time and based on evidence obtained at a reasonable cost.
• C)Evidence obtained from independent sources outside the entity is more reliable than evidence secured solely within the entity.
• D)The independent auditors' direct personal knowledge, obtained through observation and inspection, is of higher quality than information obtained indirectly.

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Definitions:

Relationship Information

Data or details that describe the nature of interactions, connections, or associations between individuals or entities.

Low-Context

refers to communication styles where messages are explicit, direct, and detailed, typically requiring less interpretation based on contextual clues.

Explicitly

In a clear and detailed manner, leaving no room for confusion or doubt.

Meanings of Words

The definitions or interpretations attributed to words, which can vary depending on context.