Among the examples of evidence listed below, we can say that the most reliable that the auditor

Fantastic news! We've Found the answer you've been seeking!

Question:

Among the examples of evidence listed below, we can say that the most reliable that the auditor can obtain is:

a. Analysis of a representative sample of client documents.

b. A frank interview with the client.

c. The external confirmation of the balance of the accounts receivable of our client.

d. Analysis of the balance of an account prepared by the client.

Related Book For answer-question

Statistics The Exploration & Analysis of Data

ISBN: 978-1133164135

7th edition

Authors: Roxy Peck, Jay L. Devore

See More Books

Posted Date: May 19, 2022 09:53 AM

See More Questions

With the benefit of hindsight, we can say that Kodak was in the imaging and moment-sharing business. What business are banks in?
An auditor wants to confirm a sample of accounts receivable balances using ACL The table she is using is a listing of uncollected sales invoices If the auditor is using Sample CommandMUS Sampling...
The Accounts Receivable Confirmation Statistics working paper shown on the next page was prepared by an audit assistant for the 2013 audit of Lewis County Water Company, Inc., a continuing audit...
You own 100 shares of Target, Inc., whose current stock price is $14 per share (which correctly reflects the firm's stand-alone value). Target has 100M shares outstanding. Raider, Inc. has just made...
In performing an audit in accordance with Generally Accepted Government Auditing Standards, the auditors are required to issue an additional combined report on compliance with laws and regulations...
The vertical stern of a boat with a superimposed coordinate system is shown in the figure. The table shows the widths w of the stern (in feet) at indicated values of y. Find the fluid force against...
Define the term cash flow.
Karane Enterprises, a calendar-year manufacturer based in College Station, Texas, began business in 2017. In the process of setting up the business, Karane has acquired various types of assets. Below...
How does organizational commitment manifest in the context of contemporary workforce dynamics, considering factors such as remote work, gig economy, and transient employment patterns ?
The beam is built in at A and supported by vertical rollers at B (the rollers allow vertical deflection but prevent rotation). If the 3-kN concentrated load is applied at B, determine all the support...
When considering internships, what should job candidates keep in mind? Internships provide valuable information about employers, professions, and jobs. Companies rarely use their internships to find...
A simple vapor compression cycle develops 15 tons of refrigeration. a) draw the ph diagram, determine the b) refrigerating effect (kJ/kg), c) mass flow rate of refrigerant (kg/min), d) power...
Suppose we wish to identify the assembly time of the 100th unit for a disc brake system. Assume we know that the assembly time for the 1st unit is 120 minutes. Assuming a learning rate of 80% compute...
Question 2 (10 marks) Two steel tubes are connected together by an adhesive joint and loaded with force P, as shown in Figure Q2. The maximum allowable shear stress for the adhesive material is 5...
Question 1 (15 marks) A large steel plate is being lowered into position by a crane and is attached to the crane via a cable sling, see Figure Q1. It can be considered to be in equilibrium. The steel...
John, a licensed life insurance agent, has submitted an application for long term disability for his client, Tanya. Tanya has an income of $ 1 1 0 , 0 0 0 per year and also has an investment that...
16) A company purchases machinery for $10,000. It also spends $800 to ship it to its location, $600 to unpack and install it, $500 to test and debug it, and $300 to fix a crack caused by an accident...
Flicker, Inc., a closely held corporation, acquired a passive activity this year. Gross income from operations of the activity was $160,000. Operating expenses, not including depreciation, were...
The article Can We Really Walk Straight? (American Journal of Physical Anthropology [1992]: 1927) reported on an experiment in which each of 20 healthy men was asked to walk as straight as possible...
According to an AP-Ipsos poll (June 15, 2005), 42% of 1001 randomly selected adult Americans made plans in May 2005 based on a weather report that turned out to be wrong. a. Construct and interpret a...
Measures of nerve conductivity are used in the diagnosis of certain medical conditions. The paper Effects of Age, Gender, Height, and Weight on Late Responses and Nerve Conduction Study Parameters...
The standard enthalpy change of combustion of acetylene is $-1300.48 \mathrm{~kJ}$ at $298 \mathrm{~K}$ with $\mathrm{H}_{2} \mathrm{O}$ in the liquid state. Calculate the standard enthalpy of...
Which instrument is used to determine the heat of combustion of a fuel?
A piston-cylinder device contains $1.2 \mathrm{~kg}$ of saturated water vapour at $180^{\circ} \mathrm{C}$. Heat is transferred to steam. As a result, steam expands reversibly to a final pressure...

Among the examples of evidence listed below, we can say that the most reliable that the auditor

Question:

Expert Answer:

Answer The correct option is C IThe external confirmation of t... View the full answer

Statistics The Exploration & Analysis of Data

Students also viewed these accounting questions