Which One of the Following Would Be the Least Reliable

question 36

Multiple Choice

Which one of the following would be the least reliable type of evidence?

• A)Confirmations returned by bank directly to the auditor.
• B)Letters of communication from the Securities Exchange Commission.
• C)Physical examination of perpetual inventory.
• D)Evidence from an easily overridden information system.

Understand the sequence and relationship between journal entries and the posting process in the general ledger.

Identify and distinguish between the main types of financial statements.

Understand the concept of liquidity and the limitations of liquidity ratios.

Recognize the structure and purpose of the general ledger.

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Definitions:

Yield Ratios

Metrics used in recruitment to evaluate the efficiency of different stages of the hiring process, from the number of applicants to the number of hires.

Recruitment Sources

Channels or means through which potential job candidates can be found, including job boards, social media, recruitment agencies, and networking events.

Internet Recruiting

The process of sourcing, attracting, and hiring candidates for job positions through the internet, using platforms such as job boards, social media, and company websites.

Community Colleges

Public institutions providing higher education and vocational training, usually offering two-year associate degrees, certificates, and diploma programs.