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:

Textbook Sales

The activity or business of selling educational books utilized primarily in schools and universities.

Adjusting Journal Entry

An accounting entry made in the general ledger at the end of an accounting period to record any unrecognized income or expenses, ensuring the accounts reflect the correct amounts.

Vendor

An entity or person that supplies goods or services to another company, often part of the supply chain.

Depreciation

The systematic periodic transfer of the cost of a fixed asset to an expense account during its expected useful life.