Which is the least reliable type of evidence

Assignment Help Accounting Basics
Reference no: EM132622729

Problem 1: Audit evidence can come in many forms with different degrees of reliability. Which of the following is the least reliable type of evidence?

a) Computations made by the auditor

b) Bank statement obtained from the client.

c) Confirmation received directly from client's lawyer

d) Pre-numbered client sales invoices where the internal controls are not strong

e) Auditor observing the company staff counting the inventory

Reference no: EM132622729

Questions Cloud

How long will it be before you have enough to buy the car : The bank pays 5% annual interest on its accounts. How long will it be before you have enough to buy the car? (express your answer to 2 decimal places)
Calculate the break-even units for the month : Chill Ltd sold 125 000 of its deluxe rooms last month in Cape Town. The variable cost involved in a one-night booking is R800 and the contribution ratio is 60%.
Describe the advantages to the use of social media : Since the implementation of a policy change proposal requires that it be communicated to a large number of stakeholders, do you think that there are drawbacks.
Provide a summary of the condition : Provide a summary of the conditions with which you need to comply with when collecting, recording and disclosing information.
Which is the least reliable type of evidence : Audit evidence can come in many forms with different degrees of reliability. Which of the following is the least reliable type of evidence?
Provide the journal entry to record the purchase : A company buys equipment for $666,633 with a 14% installment note to pay off the debt, Provide the journal entry to record the purchase of the equipment
Construct a paragraph or two describing interrelationship : Conduct additional research on the use of triclosan and other chemical agents in antimicrobial products today. Develop an opinion on whether this process
Create two questions that allow your peers to understand : Create two questions that allow your peers and instructor to understand your PowerPoint presentation that was posted to Doc Sharing. Your peers will review the.
The challenges in merging the two cultures : Imagine that your hospital has recently merged with a group of clinical centers. As a high-level executive, The challenges in merging the two cultures

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd