Which of the following is normally the most reliable source of audit evidence?

Related Mcqs:

Audit risk is composed of 3 factors. Which of the following is NOT one of those factors?

A. Compliance risk B. Detection risk C. Control risk D. Inherent risk...

Which of the following factors is most important in determining the appropriations of audit evidence?

A. The reliability of audit evidence and its relevance in meeting the audit objective B. The objectivity and integrity of the auditor C. The quantity of audit evidence D. The independence of the source of evidence...

The current file of the auditor’s working papers, generally, should include____________?

A. A flowchart of the internal controls B. Organisation charts C. A copy of financial statements D. Copies of bond and debentures...

Which of the following statements is most closely associated with analytical procedure applied at substantive stage?

A. It helps to study relationship among balance sheet accounts B. It helps to discover material misstatements in the financial statements C. It helps to identify possible oversights D. It helps to accumulate evidence supporting the validity of a specific account balance...

The auditor should examine subsequent realization of revenue such as dividends, interest,commission, etc to:­_____________?

A. identify cases of unrecorded revenue B. ensure proper disclosure in the balance sheet C. recompute accrued income on the data of balance sheet D. Any of these...