1. Describe the quality of following types of evidence giving two examples of each form of evidence i. Evidence originated by the auditor ii. Evidence created by third parties iii. Evidence created by the management of the client 2. Describe the general considerations which auditors must bear in mind when evaluating audit evidence

1. Describe the quality of following types of evidence giving two examples of each form of evidence i. Evidence originated by the auditor ii. Evidence created by third parties iii. Evidence created by the management of the client 2. Describe the general considerations which auditors must bear in mind when evaluating audit evidence

Auditing: A Risk Based-Approach to Conducting a Quality Audit

10th Edition

ISBN:9781305080577

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter6: A Framework For Audit Evidence

Section: Chapter Questions

Problem 24MCQ

See similar textbooks

Similar questions

Audit procedures are takes performed by the internal auditors and the auditee to gather the evidence required achieve audit objectives . Select one a. False b. True
The auditor's assessment of the reliability and sufficiency of the information contained in the underlying accounting records is a part of ______________ a. Audit Test b. Comparison c. Evaluation d. Judgement
A(n) ________ is the detailed instruction that explains the audit evidence to be obtained during the audit Select one: a. audit program b. audit procedure c. audit assertion d. audit objective
Direction: summarize the concept of the following audit considerations.1. Competence2. Laws and Regulations3. Reliance on Experts
Audit Evidence means ___________ used by the auditor in arriving at the conclusions on which the auditor's opinion is based. a. Information b. Evidence c. Transactions d. material
Which of the following is correct about the appropriateness of audit evidence? O a. It is the measure of the over-all audit strategy O b. It is the measure of the quantity of audit evidence O c. It is the measure of the quality of audit evidence O d. It is the amount of the audit evidence
The particular and specialized actions that auditors take to obtain evidence during a specific engagement are known asa. Audit procedures.b. Audit standards.c. Interpretive publications.d. Statements on Auditing Standards
The auditing assesses the reliability and sufficiency of the information through _____________ a. Comparison b. Testing c. Evaluation d. Judgement
Please use own sentences
Auditing . Please use own sentences
1. What is appropriate audit evidence? How does an auditor determine whether the appropriate audit evidence is sufficient to support the opinion expressed in the auditor's report? 2. Explain the types of audit procedures
The auditor should consider audit risk when planning and performing an audit of financial statements. Audit risk should also be considered together in determining the nature, timing, and extent of auditing procedures and in evaluating the results of those procedures. Required: a. Define audit risk b. Describe the components of audit risk (e.g., inherent risk, control risk, and detection risk). c. Explain how these components are interrelated