Which of the following items would be the least persuasive type of audit evidence?
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a) Bank statements obtained from the client. Show b) Documents obtained by auditor from third parties directly. c) Carbon copies of sales invoices inspected by the auditor. d) Computations made by the auditor.
Question added by Hany Sabry , Finance Manager , GMC for Engineering & Feeding Industries (S.A.E)
a) 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.  by Waqayan Al Waqayan , Secretary of Sharia Supervisory Board (SSB) , Ahli United Bank (AUB) c) is the least persuasive. by Hany Sabry , Finance Manager , GMC for Engineering & Feeding Industries (S.A.E) c) Carbon copies of sales invoices inspected by the auditor. by imran Noor - , Audit Officer , Auditor General of Pakistan
The correct option is (a) by Waqas Raza Khan ,
Accountant , Cold Store Group of Saudi Arabia Option (a) if these statements are not original, that is to say they are in printed email form. by محمد داود محمد محسن , رئيس قسم مالي / رئيس قسم تدقيق داخلي
/ رئيس قسم حسابات / رئيس قسم محاسبة تكاليف , امانة عمان الكبرى Needless to say that the answer is "C" by
Hassan Abbas awan , Senior Accountant , Green Valley premium hyper maket Evidence obtained by independence third party is more reliable than evidence provided by entity. A) must check bank statement is on bank letter pad or signed and stamped by bank. B)Third party evidence is always more reliable C)you always get invoices from client but make sure you perform your TOC or substantive procedures on original docs and retain copy as evidence. D) Source of your working is important. Popular SearchesMore Questions Like This
Do you need help in adding the right keywords to your CV? Let our CV writing experts help you. Which is the least persuasive type of audit evidence?The correct answer is c. copies of sales invoices inspected by the auditor.
Which of the following is the most persuasive type of audit evidence?Which of the following types of audit evidence is the most persuasive? Bank statements obtained from the client.
What type of audit evidence would be considered the weakest type?Lack of documentation
Without documentation on a control or records regarding the performance of that control, we must rely on inquiry alone. However, inquiry is considered the weakest form of audit evidence, and under many compliance frameworks, isn't alone sufficient.
Which is the least reliable audit evidence?Copies of sales invoices represent internally generated evidence, which isconsidered least reliable. Confirmations mailed by outsiders and correspondencebetween the auditor and suppliers represent more reliable externally generatedevidence.
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