Multiple Choice
What is the most reliable form of audit evidence?
A) Evidence obtained through the auditor's direct personal knowledge.
B) Evidence gathered directly from independent third parties.
C) Evidence produced by independent third parties.
D) Comprehensive analysis performed by the auditor.
Correct Answer:
Verified
Correct Answer:
Verified
Q5: A non-response to a negative confirmation indicates
Q6: For new clients,the auditor can obtain knowledge
Q7: Explain the difference between positive and negative
Q8: Loan application documents are considered authoritative evidence.
Q9: Permanent audit files contain such documents as
Q11: An important planning decision made by the
Q12: The audit procedure "vouch a sample of
Q13: Using audit software to re-compute the amount
Q14: Evidence that does not relate to one
Q15: You are using analytical procedures to verify