Which One of the Following Would Be Considered the Most

question 59

Multiple Choice

Which one of the following would be considered the most reliable type of audit evidence?

• A)Purchase orders from vendors.
• B)Customer accounts receivable files.
• C)Computerized general ledger.
• D)Confirmations from banks.

---

Definitions:

Equilibrium

A condition or state where supply equals demand, resulting in a stable market environment.

Currency Selection Return

The return attributed to the choice of currency in which investments are denominated.

EAFE

An abbreviation for Europe, Australasia, and Far East, representing a stock market index that gauges the equity market performance of developed markets outside of the U.S. and Canada.

Benchmark

A standard or reference by which others can be measured or judged, often used in finance to compare the performance of investments.