TB MC Qu$.05-55$ Which of the following is the most...

Which of the following is the most accurate statement regarding audit evidence?

Multiple Choice

Accounting data developed under satisfactory conditions of internal control is generally more reliable than data developed under unsatisfactory internal control conditions.

The auditor must obtain sufficient exploratory audit evidence.

All audit evidence gathered by an auditor from outside an enterprise is reliable.

Due to legal liability conditions, oral representations made by management are generally the most valid evidence.