Multiple Choice
The weakest form of audit evidence among the following is:
A) a letter of representation from management.
B) confirmation of an inter-company receivable from a related company.
C) a letter of representation from the client's solicitors.
D) a bank statement.
Correct Answer:
Verified
Correct Answer:
Verified
Q28: As the acceptable level of detection risk
Q29: Which of the following procedures would an
Q30: Audit documents that record the procedures used
Q31: As the acceptable level of detection risk
Q32: Selecting a sample of quantities of inventory
Q34: Auditors are most likely to use focused
Q35: Which of the following audit objectives relates
Q36: The following statements were made in a
Q37: To be appropriate, evidence must be both:<br>A)reliable
Q38: Audit documentation prepared on audits of publicly-held