The weakest form of audit evidence among the following is:
A)a letter of representation from management.
B)confirmation of an inter-company receivable from a related company.
C)a letter of representation from the client's solicitors.
D)a bank statement.

Question

Quizplus · Accepted Answer

A letter of representation from management is considered the weakest form of audit evidence because it is merely a written statement by management asserting the truthfulness or accuracy of the entity's financial statements. This form of evidence is less reliable than external confirmations or objective evidence like bank statements, as it is inherently subjective and dependent on the integrity of management.

The Weakest Form of Audit Evidence Among the Following Is