Ordinarily,what Source of Evidence Should Least Affect Audit Conclusions

question 94

Multiple Choice

Ordinarily,what source of evidence should least affect audit conclusions?

• A) External documentary evidence.
• B) Inquiry of management.
• C) Documentation prepared by the audit team.
• D) Inquiry of entity legal counsel.

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Definitions:

Foreign Assets

Investments, properties, or other financial assets located in countries other than where the investor resides.

Net Capital Outflow

The difference between the domestic country's investments abroad and foreign investments in the domestic country over a specific period, representing the flow of capital across borders.

Net Exports

The net result of a country's international trade on its economic output, represented by its total exports less its total imports.

Net Capital Outflow

The difference between the domestic country's total investment abroad and foreign investments within the country, over a specific period of time.