Because of the effects of circulation, some audit evidence is more reliable than other audit evidence. Which of the following is generally considered to be the most reliable?
A) Purchase requisitions.
B) Suppliers' invoices.
C) Receipted bank deposit slips.
D) Cutoff bank statements.
E) Paid checks.

Question

Quizplus · Accepted Answer

Cutoff bank statements are considered more reliable because they are obtained directly from the bank and are less likely to be manipulated by the client.

Because of the Effects of Circulation, Some Audit Evidence Is