Evidence is generally considered appropriate when:
a. it is relevant to the audit objective being tested
b. there is enough of it to afford a reasonable basis for an opinion on financial statements
c. it has been obtained by random selection
d. it consists of written statements made by managers of the company under audit
Which of the following statements is not a correct statement regarding audit evidence?
Select one:
a. Evidence obtained from an independent source outside the client organization is more reliable than that obtained from within.
b. External evidence, such as communications from banks, is generally regarded as more reliable than answers obtained from inquiries of the client
C. Documents that originate outside the company are considered more reliable than those that originate within the client’s organization.
d. Documentary evidence is more reliable when it is received by the auditor indirectly rather than directly
