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Problem 1: Which shows the correct ranking of audit evidence from the least persuasive to the most persuasive?
a) (i) Bank statement, (ii) management representation letter, (iii) client prepared bank reconciliation, (iv) bank confirmation
b) (i) Bank statement, (ii) bank confirmation, (iii) client prepared bank reconciliation, (iv) management representation letter
c) (i) Management representation letter, (ii) client prepared bank reconciliation, (iii) bank statement, (iv) bank confirmation
d) (i) Bank confirmation, (ii) management representation letter, (iii) client prepared bank reconciliation, (iv) bank statement
Financial Statement Analysis and Preparation
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