Which of the Following Presumptions Does Not Relate to the Reliability

question 844

Multiple Choice

Which of the following presumptions does not relate to the reliability of audit evidence?

• A) The more effective the internal control structure, the more assurance it provides about the accounting data and financial statements.
• B) An auditor's opinion, to be economically useful, is formed within reasonable time and based on evidence obtained at a reasonable cost.
• C) Evidence obtained from independent sources outside the entity is more persuasive than evidence secured solely within the entity.
• D) The independent auditor's direct personal knowledge, obtained through observation and inspection, is more persuasive than information obtained indirectly.

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Definitions:

Quartz

A hard, crystalline mineral composed of silicon dioxide, widely used in jewelry and as an industrial abrasive.

Feldspar

A group of silicate minerals that are among the most abundant minerals in the Earth's crust, commonly found in igneous, metamorphic, and sedimentary rocks.

Calcite

A common naturally occurring calcium carbonate mineral, often found in sedimentary rocks, and the primary mineral that makes up limestone.

Chemical Elements

Substances that cannot be broken down into simpler substances by chemical means, and are defined by the number of protons in their atomic nuclei.