Requirement a. Identify the six factors that determine the reliability of evidence. (Identify all six from the list below.) O A. Analytical procedures B. Timeliness OC. Inquiries of the client D. Recalculation OE. Auditor's direct knowledge OF. Degree of objectivity O G. Documentation O H. Effectiveness of client's internal controls O. Independence of provider O J. Qualifications of individual providing the information O K. Confirmation
Requirement a. Identify the six factors that determine the reliability of evidence. (Identify all six from the list below.) O A. Analytical procedures B. Timeliness OC. Inquiries of the client D. Recalculation OE. Auditor's direct knowledge OF. Degree of objectivity O G. Documentation O H. Effectiveness of client's internal controls O. Independence of provider O J. Qualifications of individual providing the information O K. Confirmation
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![The following are nine situations, each containing two means of accumulating evidence:
1 (Click the icon to view the nine situations.)
Requirements
а.
Identify the six factors that determine the reliability of evidence.
b.
For each of the nine situations, state whether the first or second type of evidence is more reliable.
С.
For each situation, state which of the six factors affected the reliability of the evidence.
Requirement a. Identify the six factors that determine the reliability of evidence. (Identify all six from the list below.)
A. Analytical procedures
B. Timeliness
| C. Inquiries of the client
D. Recalculation
] E. Auditor's direct knowledge
OF. Degree of objectivity
O G. Documentation
] H. Effectiveness of client's internal controls
I. Independence of provider
J. Qualifications of individual providing the information
O K. Confirmation](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1908dd21-cc72-4760-9c90-35855c870384%2Faac85951-f93b-488a-aed2-b23ce3440553%2Fsgpj1m7_processed.png&w=3840&q=75)
Transcribed Image Text:The following are nine situations, each containing two means of accumulating evidence:
1 (Click the icon to view the nine situations.)
Requirements
а.
Identify the six factors that determine the reliability of evidence.
b.
For each of the nine situations, state whether the first or second type of evidence is more reliable.
С.
For each situation, state which of the six factors affected the reliability of the evidence.
Requirement a. Identify the six factors that determine the reliability of evidence. (Identify all six from the list below.)
A. Analytical procedures
B. Timeliness
| C. Inquiries of the client
D. Recalculation
] E. Auditor's direct knowledge
OF. Degree of objectivity
O G. Documentation
] H. Effectiveness of client's internal controls
I. Independence of provider
J. Qualifications of individual providing the information
O K. Confirmation
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