Multiple Choice
Below are 12 audit procedures. Classify each procedure according to the following types of audit evidence:
-Watch client employees count inventory to determine whether company procedures are being followed.
A) physical examination
B) observation
C) confirmation
D) inspection
E) analytical procedures
F) inquiry of the client
G) recalculation
H) reperformance
Correct Answer:
Verified
Correct Answer:
Verified
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Q61: The auditor is likely to accumulate more
Q62: Observation is normally more reliable than physical
Q63: Tolerable misstatement is the maximum combined total
Q64: Certain types of misstatements are likely to
Q66: Auditors may assess inherent risk and control
Q67: Which is usually included in the engagement
Q68: Which of the following statements regarding analytical
Q69: Below are 12 audit procedures. Classify each
Q70: A successor auditor may perform which of