Which of the Following Statements Is Generally Correct About the Reliability

question 330

Multiple Choice

Which of the following statements is generally correct about the reliability of audit evidence?

• A) The more effective the internal control structure, the more assurance it provides about the reliability of the accounting data and financial statements.
• B) Reliability of audit evidence refers to the amount of corroborative evidence obtained.
• C) Information obtained indirectly from independent outside sources is more persuasive than the auditor's direct personal knowledge obtained through observation and inspection.
• D) Reliability of audit evidence refers to the audit evidence obtained from outside the entity.

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Definitions:

Slave Power

Slave Power refers to the perception or reality of disproportionate political power held by slave owners in the United States, particularly in the antebellum South, affecting national decisions and policies.

Charles Sumner

An American politician and senator from Massachusetts, known for his deep commitment to the cause of civil rights and abolition of slavery.

Preston Brooks

A 19th-century American politician known for assaulting abolitionist Senator Charles Sumner in the Senate chamber, which intensified tensions leading up to the Civil War.

Lecompton Constitution

A proposed Kansas State Constitution, drafted in 1857, which would have allowed slavery in the state. It was contested and eventually rejected due to widespread opposition to its pro-slavery stance.