Which of the following is the best example of objective evidence?
A) a letter written by a client's lawyer discussing the likely outcome of outstanding lawsuits
B) the physical count of securities and cash by the auditor
C) inquiries of the credit manager about the collectability of noncurrent accounts receivable
D) observation of cobwebs on some inventory bins
Correct Answer:
Verified
Q32: Evidence can be obtained from others or
Q33: The decision of how many items to
Q34: Audit evidence can come in different forms
Q35: There are six factors that affect the
Q36: Confirmations from outside organizations such as banks
Q38: Observation is an important audit technique where
Q39: Which one of the following forms of
Q40: Although considerable evidence is obtained from the
Q41: Most auditors prefer to replace external confirmation
Q42: An example of vouching would be to
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