Which of the following forms of evidence would be least persuasive in forming the auditor's opinion?
A)the auditor's count of marketable securities
B)correspondence with a stockbroker regarding the quantity of the client's investments held in street name by the broker
C)minutes of the board of directors meeting authorizing the purchase of stock as an investment
D)responses to auditor's questions by the president and controller regarding the investments account

Question

Quizplus · Accepted Answer

Responses to auditor's questions by the president and controller regarding the investments account would be considered less persuasive because they are based on oral evidence, which is less reliable than the physical evidence, third-party confirmations, or official documents provided by the other options.

Which of the Following Forms of Evidence Would Be Least