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

Q: In determining the operating effectiveness of the internal control policy or procedure, the auditor…

A: The internal controls refer to the mechanism implemented in the organization to ensure that the…

Q: Identify the three categories of client objectives. Indicate how each objective may affect the…

A: In auditing, the risk of material misstatement (ROM) indicates the assessment of risk by the auditor…

Q: Determine which of the following is most correct statement regarding the reliability of audit…

A: Auditing refers to the process of physically inspecting all the financial records of an entity or an…

Q: Auditors need to identify audit risk in planning an audit engagement. In doing so, the audit risk…

A: Answer (a) – Audit Risk – Audit risk is a risk that the auditor may give inappropriate opinion when…

Q: During an audit, the internal auditor should consider the following factor(s) in determining the…

A: Audit procedures are the techniques, processes, and methods that auditors use to obtain reliable…

Q: Explain the role that auditing standards have with respect to the auditor exercising reasonable care…

A: Since an auditor needs to issue a reasonable assurance on the accuracy of the client's financial…

Q: Determine which of the following is most correct regarding the reliab O Relatability of audit…

A: Auditing refers to the process of physically inspecting all the financial records of an entity or an…

Q: The main objective of audit planning is to ensure appropriate attention is given to all areas of the…

A: Audit means checking and examining the accuracy and authenticity of financial statements by…

Q: Which of the following presumption is correct about the reliability of audit evidence

A: Reliability of audit evidence :-  Evidence from sources outside an entity is more reliable than…

Q: .“It is the auditors’responsibility to gather sufficient appropriate evidence to reachtheir opinion.…

A: .“It is the auditors’responsibility to gather sufficient appropriate evidence to reachtheir opinion.…

Q: n auditor in developing his overall plan for the expected scope and conduct of audit.

A: The audit plan lays out the strategy, audit procedure, and methodologies that will be used to…