Which Broad Category of Corroborating Evidence Is the Least Persuasive

question 44

Multiple Choice

Which broad category of corroborating evidence is the least persuasive to an auditor?

• A) externally generated evidence sent directly to the auditor
• B) internally generated evidence
• C) externally generated evidence held by the client
• D) none of the above

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Definitions:

Pareto Optimal

An economic state where it is impossible to make one party better off without making at least one party worse off.

Utility Function

A numerical depiction of the way in which customers gain pleasure or benefit from the consumption of products and services.

Initial Endowment

The initial allocation of resources, goods, or wealth with which individuals or entities start in an economic model or real-life scenario.

Competitive Equilibrium

A market state where supply equals demand, leaving no incentive for price changes.