Multiple Choice
Below are 12 audit procedures. Classify each procedure according to the following types of audit evidence:
-Compare vendor names and amounts on purchases invoices with entries in the purchases journal.
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
Q33: Analytical procedures must be used during which
Q34: Which of the following is not a
Q35: Sarbanes- Oxley requires auditors of public companies
Q36: Below are 12 audit procedures. Classify each
Q37: There is no precise definition of materiality
Q39: Below are 12 audit procedures. Classify each
Q40: Which is usually included in the engagement
Q41: Often, auditor procedures result in significant differences
Q42: Which of the following ratios is best
Q43: Auditors must make decisions regarding what evidence