Multiple Choice
An audit program lists the procedure "select a sample of 20 entries in the sales journal and trace to duplicate sales invoices and related shipping documents" as a test of the completeness assertion for inventory.This procedure:
A) Provides low reliability evidence due to the small sample size.
B) Provides neither appropriate,nor sufficient audit evidence.
C) Provides relevant and reliable audit evidence.
D) Provides inappropriate audit evidence for assertion being audited.
Correct Answer:
Verified
Correct Answer:
Verified
Q19: For good form,each audit evidence paper should
Q20: GAAS requires the auditor to gather "sufficient,appropriate
Q21: Which of the following items would most
Q22: To provide efficient,reliable evidence,confirmations should be _.<br>A)created
Q23: The overall audit strategy is documented in
Q25: Define and discuss the evidence gathering technique
Q26: Tracing is a document examination procedure used
Q27: Where would a copy of an auditee's
Q28: There are two kinds of audit programs:
Q29: Since audit papers are the property of