If internal control is satisfactory, external evidence is more reliable than internal evidence.

Question

If internal control is satisfactory, external evidence is more reliable than internal evidence.
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Solution 1

The statement is generally true in the context of auditing. Here's why:

  1. Internal control refers to the procedures and mechanisms implemented by a company to ensure the integrity of financial and accounting information, promote accountability and prevent fraud.

  2. If a company's internal contro Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob

Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
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