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Which types of evidence is considered to be most? reliable

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Problem 1: Which one of the following forms of evidence would be least? reliable?

A. a letter from? client's lawyer stating that there are no known lawsuits pending against client
B. ?client's file copy of a purchase requisition
C. monthly bank statement
D. positive confirmation of? customer's balance

Problem 2: Evidence can be obtained from others or provided by the auditor who has good knowledge of each industry but is not an expert. Which of the following types of evidence is considered to be most? reliable?

A. examination of diamond inventory by the auditor
B. examination of oil and gas reserves by the auditor
C. external confirmations from financial institutions
D. external confirmations from individual owners of condominium units

Reference no: EM132690973

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