Least persuasive type of audit evidence

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August undefined, 2024

NettetA) To be reliable, evidence should be convincing rather than simply persuasive. B) Information obtained directly from outside sources is considered to be the most reliable type of evidence. C) An effective internal control system provides increased assurance with regard to the reliability of audit evidence. D) Reliability generally refers to ... NettetAT Question Audit Evidence QUIZ audit evidence quiz auditors must make decisions regarding what evidence ... Which of the following forms of evidence would be least persuasive in forming the auditor's opinion about marketable securities and ... Distinguish between internal documentation and external documentation as types of audit evidence.

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NettetWhich of the following items would be the least persuasive type of audit evidence? A. A letter of representation signed by the client's president and chief executive officer. B. A … NettetOf the following, which is the least persuasive type of audit evidence? A. Bank statements obtained from the client. B. Documents obtained by auditor from third … stikyard how great thou art

Of the following, which is the least persuasive type of audit …

NettetQuestion 1 Of the following types of audit evidence, which is the most persuasive? Select one: a. Bank statements obtained from the client. b. Client representation letter. … Nettet22. jan. 2015 · Evidence obtained from independent sources outside the entity is more reliable than evidence secured solely within the entity. The independent auditor's … NettetSufficient audit evidence is evidence that is adequate to support the auditor’s opinion on the financial statements. A matter of audit judgment, sufficiency is usually based on … stikwood wall decor

What Is Persuasive Audit Evidence? - FAQS Clear

Audit Ch 5 Flashcards Quizlet

NettetStudy with Quizlet and memorize flashcards containing terms like A confirmation is used to A. Verify the inventory count is correct. B. Verify that a control is being observed. C. … Nettet12. apr. 2024 · Read Ambition Issue 57 (March/April 2024) by NI Chamber of Commerce and Industry on Issuu and browse thousands of other publications on our platfor... stikwood wall coveringNettetAuditing I: Conceptual Foundations of Auditing; Auditing II: The Practice of Auditing; Example of Audit Evidence. The company Y ltd appoints M/s B as the company’s … stikyard holy water

"Nettet4. nov. 2010 · Audit evidence can come in different forms with different degrees of persuasiveness. Which of the following is the least persuasive type of evidence? a. Documents mailed by outsiders to the auditor. b. Correspondence between the auditor and vendors. c. Sales invoices inspected by the auditor. d. Computations made by the … " - Least persuasive type of audit evidence

Least persuasive type of audit evidence

8 Types of Audit Evidence: All You Should Know!

NettetWhich of the following items would be the least persuasive type of audit evidence? 20 Multiple Choice 0130,52 A copy of a bank statement provided to the auditor by the … Nettet14. feb. 2024 · c 1. Of the following, which is the least persuasive type of audit evidence? a. Documents mailed by outsiders to the auditor. b. Correspondence between auditor …

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NettetC. The sufficiency and appropriateness of audit evidence is a matter of professional judgment. D. To be appropriate, audit evidence should be either persuasive or … Nettet29. mai 2024 · What are the 8 types of audit evidence? Types of Audit Evidence. Physical examination. Physical examination consists of auditors physically verifying …

NettetThis problem has been solved! You'll get a detailed solution from a subject matter expert that helps you learn core concepts. See Answer. Question: Which of the following is the … Nettet29. mai 2024 · What are the 8 types of audit evidence? Types of Audit Evidence. Physical examination. Physical examination consists of auditors physically verifying the existence of various assets. … Confirmations. … Documentary evidence. … Analytical procedures. … Oral evidence. … Accounting system. … Reperformance. …

NettetOf the following, which is the least persuasive type of audit evidence? A. Bank statements obtained from the client. B. Documents obtained by auditor from third parties directly. C. Carbon copies of sales invoices inspected by the auditor. D. Computations made by the auditor. Medium. Open in App. Solution. NettetC. 1. Which of the following is a correct statement regarding audit evidence? A) A large sample of evidence provided by an independent party is always considered …

Nettetjudgments/estimates? Timeliness Balance Sheet Accounts Evidence more persuasive if audit at BS date Income Statement Accounts Evidence more persuasive if audit the entire fiscal year L4 PG 8 Types of Evidence External Confirmations sent directly by an auditor to a third party, who is asked to respond to the auditor on the matter(s) …

NettetOf the following, which is the least persuasive type of audit evidence? A. Bank statements obtained from the client B. Documents obtained by auditor from third parties … stikynot.exe downloadSo, what is audit evidence? Audit evidence consists of accounting records related to the financial statementsand other information that auditors gather. These may contain documents such as circularization that they obtain from third parties or the client. Gathering and objectively evaluating audit evidence requires … Se mer Many reasons show the importance of audit evidence. First of all, audit evidence is the basis on which auditors base their opinion. In the absence of audit evidence, auditors cannot form an … Se mer Audit procedures for obtaining audit procedures include all the different types of audit proceduresthat auditors can apply. Given below are the audit procedures used by auditors to obtain audit evidence. Se mer While there are 8 types of audit evidence, some auditors only rely on 6 types of audit evidence. Which type of evidence auditors obtain for a specific item in the financial statements depends on the item itself, the assertion auditors are … Se mer The reliability of audit evidence is typically influenced by the source and nature of information obtained. This typically includes the controls over its preparations as well as the maintenance of such information. The table … Se mer stikwood where to buyNettet10. mar. 2024 · 23. Of the following, which is the least persuasive type of audit evidence? A. Bank statements obtained from the client. B. Documents obtained by auditor from third parties directly. C. Carbon copies of sales invoices inspected by the auditor. D. Computations made by the auditor. Answer: Carbon copies of sales … stikynot.exe pathNettetStudy with Quizlet and memorize flashcards containing terms like Which of the following types of documentary evidence should the auditor consider to be the most reliable? … stikynot.exe windows 10Nettet11. Types of Controls in an Automated Environment d) All of above 12. While verifying intangible assets, an auditor would recompute amortization charges and determine whether amortization period is reasonable. The auditor tries to establish by doing it a) Valuation 13. Which of the following is the least persuasive type of audit evidence? stil catering schwanitzNetteta. The number of documents examined b. The quality of internal controls surrounding client- generated documents c. The experience of the audit staff member performing the test d. The cost of obtaining the evidence. Of the following, which is the least persuasive type of audit evidence? a. Documents mailed by outsiders to the auditor. b. stikynot exe windows 10NettetClick here👆to get an answer to your question ️ Which of the following statements is/are, generally, correct about the reliability of audit evidence? Solve Study Textbooks Guides Join / Login stil acoustics manchester