1. SafeBet External Auditors are currently working on the audit of Barrel Co., a distributor of fine whiskey and other spirituous products. Because Barrel Co. is a publicly-traded firm, the auditors are also planning the audit of the client's system of internal control. Which of the following best describes the relationship between the system of internal control and audit evidence generated by the client?

		There is no relationship between the client's system of internal control and the quality of audit evidence generated.
		A client with a weak system of internal control is less likely to generate reliable audit documentation and evidence, which the auditors are required to rely on.
		Generally accepted auditing standards require that as part of an integrated audit of the client's financial statements and system of internal control, the auditor rely on documentary evidence generated by the client.
		A client with a strong and effective system of internal control is more likely to generate reliable audit documentation and evidence which the auditor can rely on.