Vendors' Statements and Vendors' Invoices Are Both Relatively Reliable Evidence

question 122

Multiple Choice

Vendors' statements and vendors' invoices are both relatively reliable evidence because they

• A) come directly to the auditor without being in client's possession.
• B) originate from a third party.
• C) validate the effectiveness of the control system.
• D) are compared to and reconciled with sales invoices.

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Definitions:

Psychosocial Problems

Issues affecting an individual's psychological development in and interaction with a social environment.

Negative Feedback

Communication that conveys dissatisfaction or identifies areas of improvement, often used as a tool for personal or organizational development.

Encoder Problems

Issues related to the malfunctioning or inefficiency of encoders, devices that convert information from one format to another, especially in digital communications.

Poor Choice

A decision made that is considered unwise or detrimental in hindsight or by external assessment.