Determine which of the following is most correct statement regarding the reliability of audit evidence. Select one: a. Reliability of audit evidence is dependent upon the evidence being subjective b. Reliability of evidence refers to the amount of evidence obtained. c. If internal controls are effective, evidence obtained is more reliable than when the controls are not effective. d. Information that is indirectly obtained from external sources is the most reliable audit evidence
Determine which of the following is most correct statement regarding the reliability of audit evidence. Select one: a. Reliability of audit evidence is dependent upon the evidence being subjective b. Reliability of evidence refers to the amount of evidence obtained. c. If internal controls are effective, evidence obtained is more reliable than when the controls are not effective. d. Information that is indirectly obtained from external sources is the most reliable audit evidence
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Determine which of the following is most correct statement regarding the reliability of audit evidence.
Select one:
a. Reliability of audit evidence is dependent upon the evidence being subjective
b. Reliability of evidence refers to the amount of evidence obtained.
c.
If internal controls are effective, evidence obtained is more reliable than when the controls are not effective.
d. Information that is indirectly obtained from external sources is the most reliable audit evidence
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