What is the least persuasive type of audit evidence?

Bank statements obtained from the client.

Which is generally the most persuasive form of evidence?

The most persuasive evidence, generally, is the externally generated evidence sent directly to the auditor, and the least persuasive evidence is, generally, the internally generated evidence.

Which of the following forms of evidence is most reliable?

Answer: A. Confirmation of accounts receivable balance. Confirmation of accounts receivable balance is considered to be the most reliable because it…

Which of the following types of audit evidence is most persuasive?

Although the bank statements are in the possession of the client, they originated outside of the client and, relative to the other responses, they are the most persuasive.

Which of the following is the type of audit evidence?

The auditor can obtain different types of audit evidence, and it includes Physical Examination, documentation, analytical procedure, observations, confirmations, inquiries, etc. The type and amount are dependent on the type of organization that is being audited and the required audit scope.

What do you mean by persuasive?

English Language Learners Definition of persuasive : able to cause people to do or believe something : able to persuade people. See the full definition for persuasive in the English Language Learners Dictionary. persuasive. adjective. per·​sua·​sive | \ pər-ˈswā-siv \

What is the difference between recalculation and Reperformance?

Recalculation consists of checking the mathematical accuracy of documents or records. Recalculation may be performed manually or electronically. A20. Reperformance involves the auditor’s independent execution of procedures or controls that were originally performed as part of the entity’s internal control.

Why does an auditor have to consider the persuasiveness of corroborating evidence?

The auditor must consider the persuasiveness of corroborating evidence to help them judge how much weight to place on each piece of evidence. The auditor needs to gather sufficient appropriate evidence about the assertions and the financial reports as a whole.

Which of the following is an example of objective evidence?

Evidence that is objective may, for example, be a test log, test report, review report, or non-conformance report. In business, the word ‘objective’ on its own means a company’s aims or goals.

Which of the following is not a characteristic of the reliability of evidence?

Education of auditor is not characteristic of reliability of evidence. Independence of information provider – He must be reliable.

Which is the least persuasive form of evidence?

Which of the following forms of evidence would be least persuasive in forming the​ auditor’s opinion about marketable securities and other investments held by the​ company? A. the​ auditor’s count of marketable securities B. correspondence with a stockbroker regarding the quantity of​ client’s investments held in street name by the broker

What should be considered persuasive evidence in an audit?

A) Responses to the auditor’s questions by client employees is considered highly persuasive evidence. B) Audit evidence should provide an absolute level of assurance. C) The auditor uses evidence to determine whether the statements are fairly presented. D) All evidence must be highly persuasive.

What are two determinants of persuasiveness of evidence?

Two determinants of the persuasiveness of evidence are A. competence and sufficiency. B. relevance and reliability. C. independence and effectiveness. D. appropriateness and sufficiency. D (T/F) In​ practice, auditors do not know whether a sample is​ representative, even after all testing is complete. True

Which is the most reliable form of audit evidence?

Audit evidence has two primary qualities for the auditor; relevance and reliability. Given the choices below, which provides the auditor with the most reliable audit evidence? A) general ledger account balances B) confirmation of accounts receivable balance received from a customer C) internal memo explaining the issuance of a credit memo