Which of the Following Presumptions Is Correct About the Reliability

question 53

Multiple Choice

Which of the following presumptions is correct about the reliability of audit evidence?

• A)Information obtained indirectly from outside sources is the most reliable audit evidence.
• B)To be reliable, audit evidence should be convincing rather than persuasive.
• C)Reliability of audit evidence refers to the amount of corroborative evidence obtained.
• D)An effective internal control system provides more reliable audit evidence than does an ineffective internal control system.

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Definitions:

Brand Awareness

Measures how many consumers in a market are familiar with the brand and what it stands for; created through repeated exposures of the various brand elements (brand name, logo, symbol, character, packaging, or slogan) in the firm’s communications to consumers.

Autocratic

A leadership style characterized by individual control, where decisions are made without input from others.

Buying Center

A group of individuals within an organization who are involved in the decision-making process for purchasing products or services.

Decision Maker

An individual or group responsible for making choices or judgments in the context of purchasing or strategic planning.