Which one of the following forms of evidence would be least reliable?
A) monthly bank statement
B) positive confirmation of customer's balance
C) a letter from client's lawyer stating that there are no known lawsuits pending against client
D) client's file copy of a purchase requisition
Correct Answer:
Verified
Q34: Audit evidence can come in different forms
Q35: There are six factors that affect the
Q36: Confirmations from outside organizations such as banks
Q37: Which of the following is the best
Q38: Observation is an important audit technique where
Q40: Although considerable evidence is obtained from the
Q41: Most auditors prefer to replace external confirmation
Q42: An example of vouching would be to
Q43: To provide reliable evidence,confirmations should be
A)created and
Q44: An aspect of analytical procedures is referred
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