Multiple Choice
Audit evidence has two primary qualities for the auditor; relevance and reliability.Given the choices below, which provides the auditor with the most reliable audit evidence?
A) General ledger account balances
B) Confirmation of accounts receivable balance received from a customer
C) Internal memo explaining the issuance of a credit memo
D) Copy of month-end adjusting entries
Correct Answer:
Verified
Correct Answer:
Verified
Q4: Appropriateness of evidence is a measure of
Q49: Auditor judgment is the primary determinant in
Q72: Which of the following statements relating to
Q75: You are auditing the company's purchasing process
Q76: Calculating the gross margin for the current
Q80: When preparing and organizing audit files:<br>A)The rules
Q81: Which of the following generally provides the
Q83: Audit procedures can result in significant, unexpected
Q103: Physical examination<br>A) is a direct means of
Q159: Which of the following statements is true?<br>A)