Which of the following is not a corroborative evidence?
Correct answer: D. Worksheet supporting consolidated financial statements
- A. Minutes of meetings
- B. Confirmations from debtors
- C. Information gathered by auditor through observation
- D. Worksheet supporting consolidated financial statements
Explanation
Minutes, debtor confirmations, and the auditor’s observations provide corroborative evidence from supporting sources. A worksheet supporting consolidated statements is primarily an internally prepared accounting document, not independent corroborative evidence.
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About Auditing
Auditing examines accounting records and financial statements to determine whether they present a reliable and fairly stated position. The subject covers audit objectives, internal controls, audit evidence, materiality, vouching, verification, working papers, auditor independence, audit reports, and the distinction between an audit and accounting or investigation.
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