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:

Chocolate Chip Cookies

Sweet baked treats that feature chocolate chips as a primary ingredient, mixed into a cookie dough.

Standard Deviation

A measure that quantifies the amount of variation or dispersion of a set of data values.

Mean Number

The average value obtained by dividing the sum of all values in a dataset by the number of values.

Significance Level

A threshold in hypothesis testing, typically denoted by alpha, indicating the probability of rejecting the null hypothesis when it is actually true.