Which of the Following Is the Least Persuasive Documentation in Support

question 65

Multiple Choice

Which of the following is the least persuasive documentation in support of an auditor's opinion?

• A) Schedules of details of physical inventory counts conducted by the entity.
• B) Notation of auditor's inferences drawn from ratios and trends.
• C) Notation of appraisers' conclusions documented in the auditor's working papers.
• D) Lists of negative confirmation requests for which no response was received by the auditor.

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Definitions:

Typical Entrepreneur

Often portrays an individual who is innovative, takes risks, and pursues opportunities for growth and development in business ventures.

Small Businesses

Entrepreneurial ventures or companies with a small number of employees and relatively low revenue, typically characterized by close customer relationships and local operations.

Avert Failure

Strategies or actions taken to prevent or minimize the likelihood of errors, problems, or unsuccessful outcomes.

Fail

The lack of success in achieving a desired outcome or reaching a set standard, often leading to a learning opportunity or reassessment.