Question

Which of the following types of evidence should the auditor consider to be the most reliable? a. An audit schedule prepared by the client's controller and reviewed by the client's treasurer. b. A check, issued by the company and bearing the payee's endorsement, that is included with the banks statements mailed directly to the auditor. c. Confirmation of account payable balance mailed by and returned directly to the auditor. d. A sales invoice issued by the client and supported by a delivery receipt from an outside trucker.

          Which of the following types of evidence should the auditor
consider to be the most reliable?
a. An audit schedule prepared by the client's controller
and reviewed by the client's treasurer.
b. A check, issued by the company and bearing the
payee's endorsement, that is included with the banks
statements mailed directly to the auditor.
c. Confirmation of account payable balance mailed by
and returned directly to the auditor.
d. A sales invoice issued by the client and supported by a
delivery receipt from an outside trucker.

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which of the following types of evidence should the auditor consider to be the most reliable a an audit schedule prepared by the clients controller and reviewed by the clients treasurer b a 07589

Added by Joseph J.

Horngren’s Cost Accounting

Srikant M. Datar, Madhav V. Rajan 16th Edition

Instant Answer

Solved by Expert Madhur L

06/22/2023

Step 1

In auditing, the reliability of evidence is generally determined by its source and the circumstances under which it is obtained. Evidence obtained from independent third parties is generally considered more reliable than evidence generated internally by the Show more…

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Which of the following types of evidence should the auditor consider to be the most reliable? a. An audit schedule prepared by the client's controller and reviewed by the client's treasurer. b. A check, issued by the company and bearing the payee's endorsement, that is included with the banks statements mailed directly to the auditor. c. Confirmation of account payable balance mailed by and returned directly to the auditor. d. A sales invoice issued by the client and supported by a delivery receipt from an outside trucker.

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