An Internal Auditor Is Using a Spreadsheet Application to Review

Multiple Choice

An internal auditor is using a spreadsheet application to review a cash flow forecast prepared by management. Which of the following correctly identifies the type of evidence this information represents?

A) Competent, corroborative evidence of future working capital requirements.
B) Sufficient, analytical evidence of the cash flow position at a given point of time in the future.
C) Competent, documentary evidence of future cash flow changes within the organization.
D) Sufficient, circumstantial evidence of the future solvency of the organization.