Which evidential matter supporting the financial statements

Assignment Help Financial Accounting

Reference no: EM132775440

Problem 1: Evidential matter supporting the financial statements consists of

A. Books of original entry, general and subsidiary ledgers and related accounting manuals

B. The underlying accounting data and all corroborating information available to the auditor

C. Corroborating evidential matter such as checks, invoices, contracts and confirmations

D. Documentation of the accounting and internal accounting controls

Problem 2: The reliability of audit evidence is influenced by all of the following factors except

A. Independence of the source

B. Objectivity of the evidence

C. System of internal control

D. Relevance of the evidence

Reference no: EM132775440

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