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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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.
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