Determine Which of the Following Is Most Correct Statement Regarding

question 113

Multiple Choice

Determine which of the following is most correct statement regarding the reliability of audit evidence.

• A)Information that is indirectly obtained from external sources is the most reliable audit evidence.
• B)Reliability of audit evidence is dependent upon the evidence being subjective.
• C)Reliability of evidence refers to the amount of evidence obtained.
• D)If internal controls are effective,evidence obtained is more reliable than when the controls are not effective.

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Definitions:

Victory Clothing Co. V.Wachovia Bank, N.A.

A specific legal case, which should be researched for details related to its outcomes or legal principles involved.

Stop Payment

An order given by an account holder to their bank to not pay a specific check that has been issued or to halt a payment that has been requested.

Heirs

Individuals legally entitled to receive a portion of a deceased person's estate under the laws of inheritance.

Deceased

A term used to describe a person who has died.