Of the following, which is the least persuasive type of audit evidence?

Related Mcqs:

When is evidential matter, generally, considered sufficient?

A. When it constitutes entire population B. When it is enough to provide a basis for giving reasonable assurance regarding truthfulness C. When it is objective and relevant D. When auditor collects and evaluates it independently...

Which of the following is not a corroborative evidence?

A. Minutes of meetings B. Confirmations from debtors C. Information gathered by auditor through observation D. Worksheet supporting consolidated financial statements...

Which of the following affects audit effectiveness?

A. Risk of over reliance B. Risk of incorrect rejection C. Risk of incorrect acceptance D. Both A. and C....

Which of the following statements is not true with respect to management representations obtained as per AAS­11?

A. Authenticated copy of relevant minutes of meetings may be regarded as management representation B. It should always be in working C. It may be dated prior to the report date D. It should be addressed to the auditor...

What would most appropriately describe the risk of incorrect rejection in terms of substantive testing?

A. The auditor concludes balance is materially correct when in actual fact it is not B. The auditor concludes that the balance is materially misstated when in actual fact it not C. The auditor has rejected an item for sample which was material D. None of the above...