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Study with quizlet and memorize flashcards containing terms like which of the following presumptions is correct about the reliability of audit evidence Overtime coverage the state overtime. To be reliable, audit evidence should be convincing rather than persuasive
Information obtained indirectly from outside sources is the most reliable form of audit evidence You are urged to contact us for more details as they apply to a specific situation An effective system of internal control provides.
Which of the following presumptions is correct about the reliability of audit evidence
To be reliable, audit evidence should be convincing rather than persuasive. Effective internal control is the correct presumption about the reliability of audit evidence While convincing and corroborative evidence matters, they don't solely indicate the evidence's reliability Although indirectly obtained information can be reliable, it's generally less reliable than directly obtained information.
Information obtained indirectly from outside sources is the most reliable evidential matter To be reliable, audit evidence should be conclusive rather than persuasive Reliability of audit evidence refers to the amount corroborative evidence obtained An effective internal control structure provides more assurance about the reliability of audit evidence.
A) effective internal control provides more assurance about the reliability of audit evidence
B) information obtained indirectly from outside sources is the most reliable audit evidence. A)information obtained indirectly from outside sources is the most reliable audit evidence B)to be reliable, audit evidence should be convincing rather than persuasive C)reliability of audit evidence refers to the amount of corroborative evidence obtained
D)an effective internal control system provides more reliable audit evidence The correct option regarding the reliability of audit evidence is d, which states that an effective system of internal control provides more assurance about reliability Strong internal controls help reduce errors and fraud, enhancing the trustworthiness of the audit evidence gathered This understanding is crucial in the context of auditing practices.
Group of answer choicesevidence obtained indirectly from outside sources is the most reliable evidential matter.analytical procedures are the most reliable form of evidence.reliability of audit evidence refers to the amount of corroborative.
Ii) to be reliable, audit evidence should be convincing rather than merely persuasive Iii) reliability of audit evidence refers to the amount of corroborative evidence obtained Iv) effective internal control provides more assurance about the reliability of audit evidence. The more effective internal control, the more assurance it provides about the accounting data and financial statements
The independent auditor's direct personal knowledge obtained through observation and inspection is more persuasive than information obtained indirectly
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