Rank the Reliability of the Following Items of Audit Evidence

question 106

Multiple Choice

Rank the reliability of the following items of audit evidence:
1) schedules of details of physical inventory counts conducted by the client
2) the auditor's notation of inferences drawn from ratios and trends
3) copies of bank statements held by the client
4) copies of bank statements obtained directly from the bank

• A) 2, 3, 4, 1
• B) 3, 4, 2, 1
• C) 4, 2, 3, 1
• D) 4, 1, 2, 3

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Definitions:

Rude Person

An individual displaying impolite or ill-mannered behavior.

Fugitive

A person who has escaped from a place or is in hiding, often to avoid arrest or persecution.

Fresh Footprints

Recent marks or impressions left on the ground by feet, indicating the presence or past movement of a person or animal.

Implicit Propositions

Ideas or assertions that are assumed within an argument but not directly stated.