Question
Which of the following provides the most reliable audit evidence?
Solution
Audit evidence is most reliable when obtained from independent external sources. Confirmations from debtors are highly reliable.
More Auditing Questions
- Which of the following best describes the principle of professional skepticism in auditing?
- During a statutory audit, the auditor discovers a pattern of journal entries posted near year-end reversing shortly after year-end that inflate reported pr...
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- Under CARO 2020, which of the following matters is required to be reported by the auditor?
- Process of verifying the documentary evidences of transactions are known as:
- Why must auditors obtain an understanding of internal control even if they do not intend to rely on it?
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- A "Qualified Opinion" is expressed by an auditor when:
- Who is primarily responsible for preventing and detecting frauds in an organisation?
