How the relevancy deals in the information to be used as an Audit Evidence? O a. Audit evidence in document form is more relevant O b. Logical connection between purpose of the audit procedure and the assertion under consideration O . Relevancy is increased when obtained from dependent sources O d. Confirmation from the third parties

How the relevancy deals in the information to be used as an Audit Evidence? O a. Audit evidence in document form is more relevant O b. Logical connection between purpose of the audit procedure and the assertion under consideration O . Relevancy is increased when obtained from dependent sources O d. Confirmation from the third parties

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

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Similar questions

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
Determine which of the following is most correct regarding the reliabili O Relatability of audit evidence is dependent upon the evidence being subjecti O Information that is indirectly obtained from external sources is the most relia In internal controls are effective, evidence obtained is more relatable than wh D Reliability of evidence refers to the amount of evidence obtained.
What do you focus on most when evaluating the relevance of information or audit evidence? Whether the information is obtained directly or indirectly. Whether the information comes from a reputable source. The completeness and accuracy of the information. The relationship of the information to the objective of the procedure being performed.
Which of the following is not a technique of collecting audit evidence? a. Analytical procedures. b. Observation and inspection. c. Collecting primary data d. Inquiries from third parties.
2. In the element of audit findings, this refers to what the auditor discovered as a result of applying auditing procedures. Group of answer choices Condition Findings Cause Effect
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
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
Audit Evidence can be in the form of the following, EXCEPT: a. Observation b. Any of the options are audit evidences c. Testimonial d. Documentary
Which of the following statements about audit evidence is correct? Group of answer choices There should be a one-to-one relationship between audit objective and audit procedure. Audit evidence is more persuasive when items of evidence from different sources or of different nature are consistent Sufficiency is the measure of the quality of audit evidence and its relevance to a particular assertion and its reliability Appropriateness is the measure of the quantity of audit evidence
Does the audit opinion extend to the "other information"? Explain. *
Discuss the meaning of "sufficient appropiate audit evidence"
The auditing assesses the reliability and sufficiency of the information through _____________ a. Comparison b. Testing c. Evaluation d. Judgement