Which of the following types of audit evidence provides the least assurance of reliability?
A)Receivable confirmations received from the client's customers.
B)Prenumbered receiving reports completed by the client's employees.
C)Prior months' bank statements obtained from the client.
D)Municipal property tax bills prepared in the client's name.

Question

Quizplus · Accepted Answer

Prenumbered receiving reports completed by the client's employees provide the least assurance of reliability because they are internal documents and their reliability depends on the effectiveness of the client's internal controls. Other options involve external evidence or third-party confirmations, which generally offer higher assurance.

Which of the Following Types of Audit Evidence Provides the Least