Least persuasive type of audit evidence
NettetStudy with Quizlet and memorize flashcards containing terms like Which of the following items would be the most persuasive type of audit evidence? A. A letter of … 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. …
Least persuasive type of audit evidence
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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 … NettetQUESTION 11 Of the following, which is the least persuasive type of audit evidence? O A. Documents mailed by outsiders to the auditor O B. Correspondence between the …
So, 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 NettetAll of these. A. Scanning . Audit evidence refers to the evidence which is obtained during a financial audit by auditors. Scanning is considered as an audit evidence's example …
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 ... Nettet7. okt. 2024 · provide more persuasive audit evidence. The amount of evidence needed also depends on the purpose of the audit procedure – substantive procedures and tests of controls, for example, involve obtaining more persuasive evidence than risk assessment procedures.1 However, obtaining more of the same type of audit evidence cannot
Nettet29. mai 2024 · What are the 8 types of audit evidence? Types of Audit Evidence. Physical examination. Physical examination consists of auditors physically verifying …
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 … gas prices in florida keysNettet29. 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. … david howman sportsNettetC. 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 … gas prices in florida in 2019Nettet14. 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 … gas prices in florence kentuckyNettet10. 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 … gas prices in florence scNettet22. sep. 2024 · There are eight types of audit evidence. Each class is used to achieve a specific purpose, depending on the audit’s goal, the client’s objectives, and the … david howorthNettetjudgments/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) … gas prices in forney tx