Which of the Following Types of Audit Evidence Provides the Least

question 34

Multiple Choice

Which of the following types of audit evidence provides the least assurance of reliability?

• A)Receivable confirmations received from the client's customers.
• B)Prenumbered receiving reports completed by the client's employees.
• C)Prior months' bank statements obtained from the client.
• D)Municipal property tax bills prepared in the client's name.

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Definitions:

Unreasonable Risk

A hazard or danger that surpasses what is considered acceptable or safe under the circumstances.

National Priority List

A list in the United States under the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) identifying hazardous waste sites eligible for long-term remedial action financed under the federal Superfund program.

Federal Insecticide, Fungicide, and Rodenticide Act

A United States law that regulates the distribution, sale, and use of pesticides to protect human health and the environment.

Pesticide Residue

The traces of chemicals that remain on or in crops, fruits, vegetables, and soil after pesticide application, which can pose health risks.