28. The most reliable type of audit evidence that an auditor can obtain is A. physical examination by the auditor B. calculations by the auditor from company records C. Confirmations received directly from third parties D. External documents 29. Audit evidence can come in different forms with different degrees of persuasiveness. Which of the following is the least persuasive type of evidence? A. Vendor's invoice B. Bank statement obtained from the client C. Computations made by the auditor D. Prenumbered sales invoices 30. Which of the following is the least persuasive documentation in support of an auditor's opinion A. Schedules of details of physical inventory counts conducted by the client. B. Notation of inferences drawn from ratios and trends C. Not tation of appraisers' conclusions documented in the auditor's files D. Lists of negative confirmation reques ts from which no response was received by the auditor 31. Which is the following best describes the reason why an independent auditor reports on financial statements ? A. A misappropriation of assets may exist, and it is more likely to be detected by independent auditors B. Different interest may exist between the company preparing the statements and using the statements. C. A misstatement of account balances may exit and is generally corrected as the result of the independent auditor's work D. Poorly designed internal controls may be in existence the persons 32. An independent audit aids in the communication of economic data because the audit A. Confirms the accuracy of management's financial representations B. Lends credibility to the financial statements C. Guarantees that financial data are fairly presented D. Assures the readers of financial statements that an fraudulent activity has been corrected. 33. The major reason an independent auditor gathers audit evidence is to A. form an opinion on the financial statements B. Detect fraud C. Evaluate management D. Asses control risk