Which Of The Following Presumptions Is Least Likely To Relate To The Reliability Of Audit Evidence?

(Correct Answer Below)

Reveal the answer to this question whenever you are ready.

Which Of The Following Presumptions Is Least Likely To Relate To The Reliability Of Audit Evidence?

- The more effective internal control, the more assurance it provides about the accounting data and financial statements. - An auditor's opinion is formed within a reasonable time to achieve a balance between benefit and cost. - Evidence obtained from independent sources outside the entity is more reliable than evidence secured solely within the entity - The independent auditor's direct personal knowledge obtained through observation and inspection is more persuasive than information obtained indirectly.
Front

Advertisement

An auditor's opinion is formed within a reasonable time to achieve a balance between benefit and cost.

About the flashcard:

This flashcard is meant to be used for studying, quizzing and learning new information. Many scouting web questions are common questions that are typically seen in the classroom, for homework or on quizzes and tests. Flashcards vary depending on the topic, questions and age group. The cards are meant to be seen as a digital flashcard as they appear double sided, or rather hide the answer giving you the opportunity to think about the question at hand and answer it in your head or on a sheet before revealing the correct answer to yourself or studying partner. Some questions will include multiple choice options to show you the options involved and other questions will just have the questions and corrects answers. Simply reveal the answer when you are ready to check your work. Absolutely no cheating is acceptable.