Which of the following presumptions does not relate to the reliability of audit evidence?
A)The more effective the client's internal control, the more assurance it provides about the accounting data and financial statements.
B)The auditors' opinion, to be economically useful, is formed within reasonable time and based on evidence obtained at a reasonable cost.
C)Evidence obtained from independent sources outside the entity is more reliable than evidence secured solely within the entity.
D)The independent auditors' direct personal knowledge, obtained through observation and inspection, is of higher quality than information obtained indirectly.

Question

Quizplus · Accepted Answer

Choice B discusses the economic usefulness of the auditors' opinion and the need to obtain evidence at a reasonable cost, which is not directly related to the reliability of audit evidence. The other choices all relate to factors that affect the reliability of audit evidence.

Which of the Following Presumptions Does Not Relate to the Reliability