Of the Following, Which Is the Least Reliable Type of Audit

question 27

Multiple Choice

Of the following, which is the least reliable type of audit evidence?

• A)Documents mailed by outsiders to the auditor.
• B)Correspondence between the auditor and third party vendors.
• C)Asking the controller about an end of period adjustment.
• D)Computations made by the auditor.

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Definitions:

Organizational Learning

The process through which an organization acquires, develops, and transfers knowledge, improving its effectiveness and adapting to changes in the environment.

Knowledge Acquisition

The process by which individuals or organizations gather or learn new information, skills, or techniques, often for problem-solving or decision-making purposes.

Learning Organizations

Companies that facilitate the learning of their members and continuously transform themselves to be more adaptable to changes.

Profitability

The degree to which a business or activity yields profit or financial gain.