Question

As an auditor which of the following documents would you consider most reliable in request of a receipt from customer

• A. Daily cash receipt statement
• B. Copy of acknowledgement sent to the customer
• C. Bank statement
• D. Counterfoils of the receipts issued to them

Answer 1

Answer:

D. Counterfoils of the receipts issued to them

Evidence provided by original documents is more reliable than evidence provided by photocopies or facsimiles, or documents that have been filmed, digitized, or otherwise converted into electronic form, the reliability of which depends on the controls over the conversion and maintenance of those documents.