Which of the Following Statements Describes an Appropriate Relationship with Respect

question 8

Multiple Choice

Which of the following statements describes an appropriate relationship with respect to the reliability of audit evidence?

• A)Receiving confirmation from third parties as to the existence of securities is more reliable than the auditors' personal inspection of those securities.
• B)Verbal inquiries received from the client regarding sales made to customers are more reliable than sales invoices prepared by the client for its customers.
• C)A bank confirmation received directly by the auditor is more reliable than a bank confirmation initially received by the client and forwarded to the auditor.
• D)Evidence drawn from a document prepared by the client is more reliable than evidence drawn from a document prepared by an external party that is forwarded to the auditor by the client.

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Definitions:

Positive Psychology

A branch of psychology that focuses on uplifting human strengths and virtues that contribute to a fulfilling life.

Social Ecology

An interdisciplinary field focusing on the study of the relationships between humans, their communities, and their environments.

Emotional Literacy

The ability to understand, express, and manage one's own emotions and to recognize and respond to the emotions of others.

Happiness Set Point

The theory that suggests each individual has a baseline level of happiness that is relatively stable over the long term.