Relationship with respect to reliability of audit evidence

Assignment Help Financial Accounting

Reference no: EM13748629

Which of the following statements describes an appropriate relationship with respect to the reliability of audit evidence?

A. A bank confirmation received directly by the auditor is more reliable than a bank confirmation initially received by the client and forwarded to the auditor.

B. Evidence drawn from a document prepared by the client is more reliable than evidence drawn from a document prepared by an external party that is forwarded to the auditor by the client.

C. Receiving confirmation from third parties as to the existence of securities is more reliable than the auditors' personal inspection of those securities.

D. Verbal inquiries received from the client regarding sales made to customers are more reliable than sales invoices prepared by the client for its customers.

Reference no: EM13748629

Questions Cloud

About the financial performance or health : If you were to get a physical from your doctor and he or she only took your blood pressure prior to stating that you are in good health, would you be concerned? If you have noticed in your readings, starting in Chapter 3, there has been explanation o..

Primary roles of the us federal reserve : Briefly explain the primary roles of the U.S. Federal Reserve, the Federal Reserve Chairman, and the Federal Reserve Board. Indicate each party's effectiveness in today's economic environment. Provide support for your explanation.

Ratio of current assets to current liabilities : The economic order quantity model may be used for cash management to determine appropriate- Ratio of current assets to current liabilities

Write a paper on the movies robin hood and the seventh seal : Write a paper on the movies Henry V, The Lion in Winter, A Man for All Seasons, The Messenger: The Story of Joan of Arc, Ivanhoe, A Knight's Tale, Robin Hood and The Seventh Seal.

Relationship with respect to reliability of audit evidence : Which of the following statements describes an appropriate relationship with respect to the reliability of audit evidence?

Calculate the economic order quantity : Calculate the economic order quantity (EOQ). What is the average time, in weeks, between orders if lot size of the EOQ is used. Find the safety stock and reorder point that provide a 96.5% cycle-service level. Hint: use standard normal distribution..

Qualities of effective corporate governance : Evaluate the qualities of effective corporate governance. Use technology and information resources to research issues in advanced financial management.

Principle under generally accepted auditing standards : Which of the following is not a concept from the performance principle under generally accepted auditing standards?

The effectiveness of the process when applied to the issues : Strategic issues for projects should be identified before starting a project. However, new issues will emerge as the project progresses. A well-run project will have a process or processes for efficiently and effectively identifying and managing s..

User Account

All Pages