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Of the following, which is the least persuasive type of audit evidence?

a) Bank statements obtained from the client.

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.

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Question added by Hany Sabry , Finance Manager , Coffee Adress
Date Posted: 2015/01/22
Mir Mujtaba Ali
by Mir Mujtaba Ali , Internal Audit Manager , Confidential

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.

 

Waqayan Al Waqayan
by Waqayan Al Waqayan , Secretary of Sharia Supervisory Board (SSB) , Ahli United Bank (AUB)

c) is the least persuasive.

Hany Sabry
by Hany Sabry , Finance Manager , Coffee Adress

c) Carbon copies of sales invoices inspected by the auditor.

imran Noor -
by imran Noor - , Audit Officer , Auditor General of Pakistan

The correct option is (a)

Waqas Raza Khan
by Waqas Raza Khan , Accountant , Cold Store Group of Saudi Arabia

Option -----A

Khurram Shaukat Memon
by Khurram Shaukat Memon , Academic Research Writer , Freelance Academic Research Writer

Option (a) if these statements are not original, that is to say they are in printed email form.

محمد داود محمد محسن
by محمد داود محمد محسن , رئيس قسم مالي / رئيس قسم تدقيق داخلي / رئيس قسم حسابات / رئيس قسم محاسبة تكاليف , امانة عمان الكبرى

option (A

Deleted user
by Deleted user

Needless to say that the answer is "C"

Hassan Abbas awan
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.  

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