1.2 - Quality of Evidence Flashcards
1
Q
External
A
Audit evidence from external sources is more reliable than that obtained from the entity’s records
2
Q
Auditor
A
Evidence obtained by the auditor is more reliable than that obtained indirectly or by inference
3
Q
Entity
A
Evidence obtained from the entity’s records is more reliable when related control systems operate effectively
4
Q
Written
A
Evidence in the form of documents (paper or electronic) or written representations are more reliable than oral representations
5
Q
Originals
A
Original documents are more reliable than photocopies or facsimiles
6
Q
What are the five factors that affect the quality of evidence?
A
- external
- auditor
- entity
- written
- originals
