Determine which of the following is most correct regarding the reliability of audit evidence.
A) Information that is indirectly obtained from external sources is the most reliable audit evidence.
B) Reliability of audit evidence is dependent upon the evidence being convincing.
C) Reliability of evidence refers to the amount of evidence obtained.
D) An effective internal control system provides more reliable audit evidence.

Question

Quizplus · Accepted Answer

An effective internal control system enhances the reliability of audit evidence because it ensures that the processes generating the evidence are well-controlled and less prone to errors or fraud.

Determine Which of the Following Is Most Correct Regarding the Reliability