Which of the following statements is not a correct statement regarding audit evidence? Select one: a. External evidence, such as communications from banks, is generally regarded as more reliable than answers obtained from inquiries of the client b. Documents that originate outside the company are considered more reliable than those that originate within the client's organization. c. Evidence obtained from an independent source outside the client organization is more reliable than that obtained from within. d. Documentary evidence is more reliable when it is received by the auditor indirectly rather than directly.
Which of the following statements is not a correct statement regarding audit evidence? Select one: a. External evidence, such as communications from banks, is generally regarded as more reliable than answers obtained from inquiries of the client b. Documents that originate outside the company are considered more reliable than those that originate within the client's organization. c. Evidence obtained from an independent source outside the client organization is more reliable than that obtained from within. d. Documentary evidence is more reliable when it is received by the auditor indirectly rather than directly.
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter6: Audit Evidence
Section: Chapter Questions
Problem 19CYBK
Related questions
Question
Which of the following statements is not a correct statement regarding audit evidence?
Select one:
a. External evidence, such as communications from banks, is generally regarded as more reliable than answers obtained from inquiries of the client
b.
Documents that originate outside the company are considered more reliable than those that originate within the client's organization.
c.
Evidence obtained from an independent source outside the client organization is more reliable than that obtained from within.
d. Documentary evidence is more reliable when it is received by the auditor indirectly rather than directly.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Auditing: A Risk Based-Approach (MindTap Course L…
Accounting
ISBN:
9781337619455
Author:
Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:
Cengage Learning
Auditing: A Risk Based-Approach to Conducting a Q…
Accounting
ISBN:
9781305080577
Author:
Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:
South-Western College Pub
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Auditing: A Risk Based-Approach (MindTap Course L…
Accounting
ISBN:
9781337619455
Author:
Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:
Cengage Learning
Auditing: A Risk Based-Approach to Conducting a Q…
Accounting
ISBN:
9781305080577
Author:
Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:
South-Western College Pub
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
