Evidence can be obtained from others or provided by the auditor who has good knowledge of each industry but is not an expert.Which of the following types of evidence is considered to be most reliable?
A)examination of diamond inventory by the auditor
B)external confirmations from individual owners of condominium units
C)examination of oil and gas reserves by the auditor
D)external confirmations from financial institutions

Question

Quizplus · Accepted Answer

External confirmations from financial institutions are considered to be the most reliable type of evidence as they come directly from unbiased third-party sources that are familiar with the financial information being requested. The other options involve examination by the auditor, which may introduce an element of bias or subjectivity into the evidence obtained.

Evidence Can Be Obtained from Others or Provided by the Auditor