According to the reliability hierarchy by evidence type as presented in the text, an example of audit evidence with a low level of reliability is:

What is the Internal Rate of Return (IRR) for the cash flows provided in the table below?

Note: The negative cash flow for year 0 is the initial investment for the project. The required rate of return is 8%. Year Cash Flow 0 -$100,000 1 $45,000 2 $45,000 3 $45,000 A) 8.00% B) 9.70% C) 12.41% D) 16.65%

A(n) ________ is a device or situation that replicates job demands at an off-the-job site

Indicate whether this statement is true or false.