Which of the following documents would be the most reliable evidence for an audit? Group of answer choices A. Confirmation from third party directly obtained by the audit team B. Confirmation from third party that is forwarded by the audit client. C. Observation cited in the report documented by the audit team D. Observation cited in the report documented by third party with concurrence of the audit team
Which of the following documents would be the most reliable evidence for an audit? Group of answer choices A. Confirmation from third party directly obtained by the audit team B. Confirmation from third party that is forwarded by the audit client. C. Observation cited in the report documented by the audit team D. Observation cited in the report documented by third party with concurrence of the audit team
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Which of the following documents would be the most reliable evidence for an audit?
Group of answer choices
A. Confirmation from third party directly obtained by the audit team
B. Confirmation from third party that is forwarded by the audit client.
C. Observation cited in the report documented by the audit team
D. Observation cited in the report documented by third party with concurrence of the audit team
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