Which of the following presumptions is least likely to relate to the reliability of audit evidence?
- The more effective internal control, the more assurance it provides about the accounting data and financial statements.
- An auditor\'s opinion is formed within a reasonable time to achieve a balance between benefit and cost.
- Evidence obtained from independent sources outside the entity is more reliable than evidence secured solely within the entity.
- The independent auditor\'s direct personal knowledge obtained through observation and inspection is more persuasive than information obtained indirectly.
b. An auditor's opinion is formed within a reasonable time to achieve a balance between benefit and cost.
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