Audit programs
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Match five of the items (a-i) with the definitions provided below (1-5):
- Audit programs
Audit procedures - Audit objectives
- Analytical procedures
- Budgets
- Competence of evidence
- Relevance if evidence
- Persuasiveness of evidence
- Sufficiency of evidence
_______1. The pertinence of the evidence to the audit objective being tested
_______2 Detailed instructions for the collection of a type of audit evidence.
_______3. Written records of the client’s expectations for the period.
_______4. Detailed instructions for the entire collection of evidence.
_______5. The degree to which the auditor is convinced that the evidence supports the audit opinion
Expert Solution
Concept of auditing
Auditing means the exercise of audit procedures to collect the evidence that enables the auditor to conclude on the financial position of the client.
Step by step
Solved in 2 steps
Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education