Which of the following statements is correct with regard to the quality or appropriateness of evidential matter?
A) The auditor's direct personal knowledge, obtained through observation and inspection, is more persuasive than information obtained indirectly from independent outside sources.
B) Evidential matter must be either valid or relevant but need not be both.
C) Internal accounting data alone may be considered sufficient appropriate evidential matter to issue an unqualified opinion on financial statements.
D) Appropriateness of evidential matter refers to the amount of corroborative evidence to be obtained.
Answer: A) The auditor's direct personal knowledge, obtained through observation and inspection, is more persuasive than information obtained indirectly from independent outside sources.
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Articles of incorporation must specify the number of ____________________ the corporation is authorized to issue. Usually authorize more shares of stock than will initially be issued to allow for raising of additional capital in the future.
Fill in the blank(s) with the appropriate word(s).
Which of the following refers to the idea that businesspeople should consider the social consequences of economic actions when making business decisions,
and that there should be a presumption in favor of decisions that have both good economic and social consequences? A. Corporate dissonance B. Class consciousness C. Corporate dynamism D. Social responsibility E. Economies of scale