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Distinguish between internal documentation and external documentation as types of audit evidence. Give two examples of each. Which type is considered more reliable?
Illegal
Activities or actions that are forbidden by law and subject to criminal penalties or fines.
Lawn Mowing
The act of cutting the grass in a lawn to maintain its appearance and health, typically using a lawn mower.
Usury
The practice of charging excessively high interest rates on loans, typically beyond the legal limit.
Maximum Interest Rate
The highest rate of interest that can be charged on a loan, as dictated by law or agreement.
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