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Unformatted text preview: b. Comment on the reliability of the four sources of documentary evidence. Answer A - 1. Directly from Outsiders 2. Indirectly from Outsiders 3. Entirely Internal 4. Entirely Internal 5. Entirely Internal 6. Entirely Internal 7. Entirely Internal 8. Indirectly from outsiders 9. Entirely Internal 10. Internally but validated externally 11. Indirectly from outsiders 12. Entirely internal B-AU326.19 states the following general presumption among others about the reliability of various types of evidence: "When evidential matter can be obtained from independent sources outside an enterprise, it provides greater assurance of reliability for the purposes of an independent audit than that secured solely within the enterprise." Using the AU326.19 presumption as reference, the four sources of evidence listed can be classified from most reliable to least reliable as follows: 1. directly from outsiders, 2. indirectly from outsiders, 3. internal but validated externally, 4. entirely internal....
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This note was uploaded on 02/22/2011 for the course ACCT 491 taught by Professor Andrews during the Spring '11 term at University of Phoenix.
- Spring '11