Which of the Following Types of Audit Evidence Is the Most

question 107

Multiple Choice

Which of the following types of audit evidence is the most reliable?

• A)Evidence from the client's organization.
• B)Evidence from a poorly controlled system.
• C)Directly observable evidence.
• D)Facsimiles of documents.

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Definitions:

Complementary Estate

Describes property rights or interests that are held by different parties but are necessary to the full use and enjoyment of each other's property.

Qualified Fee

An estate in land that is subject to certain conditions or limitations, potentially limiting the ownership duration or rights.

Tenants by the Entireties

A form of joint tenancy of property that provides rights of survivorship and is available only to a Husband and Wife.

Joint Tenancy

A form of co-ownership where parties own property equally with the right of survivorship, meaning upon the death of one tenant, their share passes to the surviving tenant(s).