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Which one of the following sources of evidence is less reliable than the other sources of evidence? > Evidence generated directly by the auditor Evidence generated externally to the entity Evidence generated in original documents Evidence generated internally to the entity Identify the correct statement stating the severity of internal control deficiencies? Significant deficiency is more severe than a material weakness Significant deficiency is less severe than a material weakness Significant deficiency and material weakness are not severe Significant deficiency as severe as material weakness ependent third party or fra Which of the following are highly believable as these come from independent third party or from external source? Inspection of records and documents External confirmation Analytical procedure Physical Examination/Observation Identify the correct statement from the following: . Auditing is as old as accounting Auditing and accounting are disconnected Accounting and Auditing are recently originated Accounting is as old as auditing Which of the following statements is or are true with regard to the codes of corporate governance recommendations applicable to board of directors? 0 The nomination committee should ensure that a significant proportion should be linked to corporate and individual performance m) Directors should be reappointed every three years (iii) At least half the board, including the chairman, should comprise non-executive directors Only statements (i) and (ii) Only statements (i) and (iii) Only statement (1) Only statement (ii) uals to understand internal control responsibilities. Communication