Which among the following types of audit evidence can be considered the most reliable? a. Verbal reply from management that the accounts receivable are fairly presented. b. Sales invoice with alteration submitted to the audit team by the company that has weak internal control. c. Photocopy of the building insurance document. d. Confirmation of cash balance directly obtained by the audit team leader from the bank.

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Fraud

Fraud in accounting is the planned manipulation of financial documents to make a false appearance of corporate financial health. Moreover, it includes an employee, accountant, or the company itself misleading investors and shareholders.