Multiple Choice
Which of the following is the least persuasive documentation in support of an auditor's opinion?
A) Schedules of details of physical inventory counts conducted by the entity.
B) Notation of auditor's inferences drawn from ratios and trends.
C) Notation of an independent appraiser's conclusions documented in the auditor's working papers.
D) Lists of negative confirmation requests for which no response was received by the auditor.
Correct Answer:
Verified
Correct Answer:
Verified
Q2: The text discusses three main categories of
Q3: Which of the following types of documentary
Q4: The following statements were made in a
Q5: When using analytical procedures, the auditor first
Q6: In creating lead schedules for an audit
Q7: Who is responsible for the financial statements?
Q8: The audit testing hierarchy is considered to
Q9: Which of the following presumptions does not
Q10: For an auditor, how are management assertions
Q11: Tracing is used primarily to test which