Which of the following statements is false?
A)Documentary evidence is more reliable than oral evidence.
B)Evidence, of which the auditor has direct personal knowledge, is the most reliable evidence.
C)Independent evidence obtained from external sources is more reliable than internal evidence.
D)Visual evidence is highly reliable for confirming the ownership of the assets and their value.

Question

Quizplus · Accepted Answer

Visual evidence, such as photographs or videos, can confirm the existence of assets but does not necessarily provide reliable information about their ownership or value. Ownership needs to be confirmed through legal documents, and value is determined through appraisals or financial records, not visual inspection.

Which of the Following Statements Is False