Which of the Following Presumptions Is Correct About the Reliability

question 64

Multiple Choice

Which of the following presumptions is correct about the reliability of audit evidence?

• A) Information obtained indirectly from outside sources is the most reliable evidential matter.
• B) To be reliable, audit evidence should be conclusive rather than persuasive.
• C) Reliability of audit evidence refers to the amount corroborative evidence obtained.
• D) An effective internal control structure provides more assurance about the reliability of audit evidence.

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Definitions:

Term Life Insurance

A type of life insurance policy that provides coverage at a fixed rate of payments for a limited period of time, often selected to cover the "term" of one's greatest financial responsibilities.

Universal Life Insurance

A type of flexible permanent life insurance offering both a death benefit and a savings component, allowing the policyholder to adjust premiums and benefits.

Variable Life Insurance

A type of life insurance policy that combines life coverage with an investment fund, where the cash value and death benefit can vary based on the performance of investments.

Wingbeat Frequency

The rate at which a flying organism flaps its wings, important for various aspects of flight dynamics and energy expenditure.