Which of the Following Presumptions Is Correct About the Reliability

question 37

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.

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Definitions:

Employee Contracts

Agreements between employers and employees that outline the terms of employment, duties, and compensation.

Purchasing Decisions

The process of deciding which goods or services to buy, considering factors like price, quality, and personal preferences.

Lawsuit

A legal action brought by one party against another in a court of law, usually seeking a remedy for harm or a decision about rights.

Specific Tasks

Specific tasks refer to particular jobs or duties assigned in the context of a project or a role, often detailing responsibilities in professional settings like legal practices.