Which of the following procedures would provide the most reliable audit evidence?
A) Inquiries of the client's internal audit staff.
B) Inspection of prenumbered client purchase orders filed in the vouchers payable department.
C) Inspection of vendor sales invoices received from client personnel.
D) Inspection of bank statements obtained directly from the client's financial institution.

Question

Quizplus · Accepted Answer

Inspection of bank statements obtained directly from the client's financial institution provides the most reliable audit evidence as they are obtained directly from an external source and are less susceptible to manipulation or errors. Inquiries of the client's internal audit staff may not be reliable as they may not have access to all relevant information. Inspection of prenumbered client purchase orders filed in the vouchers payable department and inspection of vendor sales invoices received from client personnel may be reliable, but there is a possibility of errors or intentional misstatements.

Which of the Following Procedures Would Provide the Most Reliable