What Type of Evidence Would Provide the Highest Level of Assurance

question 47

Multiple Choice

What type of evidence would provide the highest level of assurance in an attestation engagement?

• A)Evidence secured solely from within the entity.
• B)Evidence obtained from independent sources.
• C)Evidence obtained indirectly.
• D)Evidence obtained from multiple internal inquiries.

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Definitions:

Profit-Sharing Plan

A company program that gives employees a share in the company’s profits based on its quarterly or annual earnings, serving as a tool to motivate and reward employees.

Employee Stock Ownership Plan

A program that provides a company's workforce with an ownership interest in the company through the acquisition of stocks.

Stock Options

Financial instruments that give employees the right to buy or sell shares of the company's stock at a predetermined price.