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.

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.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Similar questions

The auditing assesses the reliability and sufficiency of the information through _____________ a. Comparison b. Testing c. Evaluation d. Judgement
1. In auditing receivables, what are the audit objectives and how would you be performed to arrive at the most reliable information to express an opinion?
Discuss the meaning of "sufficient appropiate audit evidence"
Explain the factors that influence the reliability of audit evidence.
When collecting audit evidence the nature, timing and extent of the evidence play a critical role. What do these terms refer to in relation to evidence that is collected?
The following are procedures to obtain audit evidence except: a. Physical examination. b. Organization. c. Confirmation. d. Analytical procedures.
What are the most often used audit processes for verifying the existence of a claim?
Do you know what the auditor's current audit documentation files contain?
Explain Audit evidence and why these are important? Explain with the help of example.
Choose the documents which should be included in the audit documentation a. Summaries of significant matter O b. Issue memoranda O c. Audit program O d. All the options
why is the Independence of the auditor the most important concept that is used for the the auditing purpose.
Explain the relationship betweenaudit objectives and theaccumulation of audit evidence.