$7-23($Objectives$7-3,7-4)$ The following questions concern persuasiveness of evidence. Choose the best response.

$1.$ Which of the following types of documentary evidence should the auditor consider to be the most reliable?

$1.$ Confirmation of an account payable balance mailed by and returned directly to the auditor

$2.$ A sales invoice issued by the client and supported by a delivery receipt from an outside trucker

$3.$ A check, issued by the company and bearing the payee$$s endorsement, that is included with the bank statements mailed directly to the auditor

$4.$ An audit schedule prepared by the client$$s controller and reviewed by the client$$s treasurer

$2.$ Audit evidence can come in different forms with different degrees of persuasiveness. Which of the following is the least persuasive type of evidence?

$1.$ Vendor$$s invoice

$2.$ Bank statement obtained from the client

$3.$ Prenumbered sales invoices

$4.$ Computations made by the auditor

$3.$ Which of the following presumptions is correct about the reliability of audit evidence?

$1.$ Information obtained indirectly from outside sources is the most reliable audit evidence.

$2.$ To be reliable, audit evidence should be convincing rather than merely persuasive.

$3.$ Reliability of audit evidence refers to the amount of corroborative evidence obtained.

$4.$ Effective internal control provides more assurance about the reliability of audit evidence.