The Most Reliable Evidence from Confirmations Is Obtained When They

question 58

Multiple Choice

The most reliable evidence from confirmations is obtained when they are sent

• A)several months before the year-end,so the auditor will have adequate time to perform alternate procedures if they are required.
• B)at various times throughout the year to different sections of the sample,so that the entire sample is representative of account balances scattered throughout the year.
• C)as close to the balance sheet date as possible.
• D)at various times throughout the year to the same group in the sample,so that the sample will not have a time bias.

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Definitions:

Internal Validity

The extent to which a study can demonstrate a causal relationship between variables, minimizing the impact of confounding variables.

External Validity

The extent to which the results of a study can be generalized to other situations and to other people outside of the experimental setting.

Construct Validity

The degree to which a test or instrument measures the theoretical construct or psychological concept it intends to measure.

Population

The total number of people under consideration.