Which of the Following Types of Audit Evidence Is the Least

question 52

Multiple Choice

Which of the following types of audit evidence is the least reliable?

• A)Evidence from the client's organization.
• B)Evidence derived from a well-controlled system.
• C)Evidence from independent outside sources.
• D)Original documents.

Understand the direct write-off method and its implications on the matching principle.

Calculate and interpret the accounts receivable turnover ratio.

Understand the receivables management, including the sale of receivables and estimating bad debts.

Comprehend the implications of converting receivables to cash and recognizing related expenses or income.