Of the two forms of confirmation request, which is considered more reliable source of evidence?Select one:a.both are equally reliableb.negative confirmationc.positive confirmationd.none of the two is considered more reliableClear my choice

Confirmation is a stronger form of the verb “to confirm” than confirming.Group of answer choicesTrueFalse

Which of the following generalizations in assessing the reliability of audit evidence is incorrect?Select one:a.Audit evidence that is generated internally is not affected by the effectiveness of the controls imposed by the entity.b.Audit evidence is more reliable when it exists in documentary form.c.Audit evidence obtained directly by the auditor is more reliable than audit evidence obtained indirectly or by inference.d.Audit evidence is more reliable when it is obtained from independent sources outside the entity.

Which of the following scenario would negative confirmation be inappropriate?Select one:a.the receivable comprises a large number of small, homogeneous account balances.b.very few or no exceptions expectedc.the auditor has a reason to believe that recipients of negative confirmation requests will disregard such confirmation requestsd.the assessed level of inherent and control risk for receivable and sales is very low

Select the correct answer.Which of these are considered when evaluating sources? A. an author’s credibility or authority B. the timeliness of the information or publishing dates C. the accuracy of evidence used to support information D. all of the above

What is the primary assertion being addressed by confirmation of receivables?Select one:a.accuracyb.existencec.gross valuationd.completeness