Which of the following forms of evidence would be least persuasive in forming the auditor's opinion?
A) the auditor's count of marketable securities
B) correspondence with a stockbroker regarding the quantity of client's investments held in street name by the broker
C) minutes of the board of director's meeting authorizing the purchase of stock as an investment
D) responses to auditor's questions by the president and controller regarding the investments account
Correct Answer:
Verified
Q22: Inspection of assets is not a sufficient
Q26: Which of the following characteristics of samples
Q35: There are six factors that affect the
Q38: Observation is an important audit technique where
Q40: Although considerable evidence is obtained from the
Q42: An example of vouching would be to
Q46: An example of a document that the
Q50: Inquiry is a valuable technique during the
Q57: An example of an internal document is
A)a
Q58: When comparing the reliability of external versus
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents