Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 16 Not yet answered Marked out of 1.00 P Flag question Ms. Flora, the auditor of Fun and Joy Event Management company is collecting

image text in transcribed

Question 16 Not yet answered Marked out of 1.00 P Flag question Ms. Flora, the auditor of Fun and Joy Event Management company is collecting audit evidences to provide opinion about the financial statements of the company for the year 2020. She has collected numerous evidences from different sources. As relevance and reliability of the audit evidence is most important help Ms. Flora by arrange the following evidences collected by her in the order of reliability (from highly reliable to least reliable): A External Evidence collected by Fun and Joy Event Management Company and made available to auditors B. Internal Evidence obtained by Ms. Flora when she tested the internal control system of the company C Internal Evidence acquired by the internal auditor when internal control system of the company was tested for its effectiveness D. External Evidence directly collected by Ms. Flora

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Audit Risk Alert Employee Benefit Plans Industry Developments 2017

Authors: AICPA

1st Edition

1945498722, 978-1945498725

More Books

Students also viewed these Accounting questions

Question

Describe the seven standard parts of a letter.

Answered: 1 week ago

Question

Explain how to develop effective Internet-based messages.

Answered: 1 week ago

Question

Identify the advantages and disadvantages of written messages.

Answered: 1 week ago