Which of the Following Presumptions Is Correct About the Reliability

question 18

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 form of 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 system of internal control provides more assurance about the reliability of audit evidence.

Recognize the broad support among economists for the concept of free trade and the mixed views on globalization.

Grasp the impact of foreign tourism on the trade imbalance.

Comprehend the historical movement toward free trade since World War II.

Understand Adam Smith's views on trade and the rationale behind national economic activities.

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Definitions:

Secondary Research

Involves the use of existing data or research findings that were originally collected by others, useful in gathering broad information about a topic.

Empirical Research

Research based on observed and measured phenomena, relying on experimental or observational evidence.

Material Published

Material published refers to content such as books, articles, journals, and other documents that have been made available to the public through printing or electronic media.

Interview

A formal meeting where one or more persons question, consult, or evaluate another person, typically used for the purposes of selection, assessment, or information gathering.