Multiple Choice Questions on Which of the following statements is generally correct about the reliability of audit evidence ........ for Punjab Government (Allied) Exams Preparation

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Multiple Choice Questions

Which of the following statements is generally correct about the reliability of audit evidence ........

Auditing Concept of Auditing
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    Which of the following statements is, generally, correct about the reliability of audit evidence:

    To be reliable, evidence should be conclusive rather than persuasive;

    Incorrect Answer

    Effective internal control system provides reliable audit evidence;

    Correct Answer

    Evidence obtained from outside sources routed through the client;

    Incorrect Answer

    All are correct.

    Incorrect Answer
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    Explanation:

    More effectiveness of the internal control, provides more assurance about the reliability of the accounting data and financial statements & hence it provides reliable evidence

    By: Parvesh Mehta
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    A GANGULY

    The correct answer should be b. Question has been repeated.

    0 0 reply

    Ankur sharma

    B is right & rectified thank you

    0 0 reply
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