Multiple Choice
Below are 12 audit procedures. Classify each procedure according to the following types of audit evidence:
-Foot entries in the sales journal to determine whether they were correctly totaled by the client.
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
Q31: Auditors commonly allocate materiality to balance sheet
Q32: Which of the following is not typically
Q33: Analytical procedures must be used during which
Q34: Which of the following is not a
Q35: Sarbanes- Oxley requires auditors of public companies
Q37: There is no precise definition of materiality
Q38: Below are 12 audit procedures. Classify each
Q39: Below are 12 audit procedures. Classify each
Q40: Which is usually included in the engagement
Q41: Often, auditor procedures result in significant differences