Which of the following procedures would provide the most reliable audit evidence?
A)Inquiries of the client's accounting staff held in private.
B)Inspection of pre-numbered client shipping documents.
C)Inspection of bank statements obtained directly from the client's financial institution.
D)Analytical procedures performed by auditors on the client's trial balance.

Question

Quizplus · Accepted Answer

Inspection of bank statements obtained directly from the client's financial institution provides the most reliable audit evidence as it is an external document that is less susceptible to manipulation by the client. Additionally, obtaining the bank statements directly from the financial institution ensures the authenticity of the statement.

Which of the Following Procedures Would Provide the Most Reliable