Which of the following is not a purpose of audit documentation?
1. Which of the following is not a purpose of audit documentation?
Where are the choices?
2. Which one of the following is not one of the primary purposes of audit documentation prepared by the audit team?
Answer:
A basis for determining work deficiencies by peer review teams.
Explanation:
I think
3. Which of the following is true concerning the relationship among audit risk (specifically the detection risk), materiality (specifically the materiality threshold) and evidence (specifically the amount of evidence)? a. Holding materiality constant, a higher audit risk will increase the amount of evidence. b. Holding audit risk constant, a lower materiality will increase the amount of evidence. c. Holding the amount of evidence constant, a higher materiality will increase audit risk. d. Holding both audit risk and materiality constant, no amount of evidence is gathered.
The relationship among audit risk (specifically the detection risk), materiality (specifically the materiality threshold) and evidence (specifically the amount of evidence) is Holding audit risk constant, a lower materiality will increase the amount of evidence.
Materiality, Audit Risk, and Initial Audit StrategyThe auditor cannot provide assurance to the client or other users of financial statements because he or she does not examine every transaction that occurred in the year being audited and cannot determine whether all transactions that have occurred have been properly recorded, summarized, classified, and compiled into the financial statements.
Therefore, in the audit of the financial statements, the auditor provides the following assurances:
The auditor can provide assurance that the amounts presented in the financial statements and their disclosures have been recorded, summarized, classified, and compiled.
The auditor can provide assurance that he or she has gathered sufficient competent audit evidence as a reasonable basis for an opinion on the audited financial statements.
The auditor can provide assurance, in the form of an opinion, that the financial statements as a whole are fairly presented and that there is no material misstatement due to error or fraud.
Two concepts underlie the assurance provided by the auditor:
1. The concept of materiality shows how much misstatement the auditor can accept so that users of financial statements are not affected by the misstatement.
2. The concept of audit risk indicates the level of risk from the auditor's failure to change his opinion on financial statements that contain material misstatements.
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4. Theoretically, which of the following would not have an effect on the amount of audit evidence gathered by the auditor
Answer:
u are die
Explanation:
I born ileave I die LONG LIVE TSMBAY
5. True or false written representations are considered audit evidence
True, written representations are considered audit evidence.
Explanation :
A written representation is a written statement provided by management to the auditor to confirm certain matters or to support other audits.
Written representations are an important source of audit evidence. If management modifies or does not provide the requested written representations, it may indicate the possibility of one or more significant issues.
So this confirms that the written presentation is audit evidence, although it is not quite appropriate audit evidence itself. The fact that management has provided reliable written representations does not affect the nature or extent of other audit evidence.
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6. Which of the following generalizations does not relate to the reliability of audit evidence?
Answer:
money is bad cash is pa4ihas
7. Which of the following statements concerning audit evidence is correct?
Answer:
saan yung statements?
Explanation:
pasagot agad
8. Which of the following statements relating to the appropriateness of audit evidence is always true?
Answer:
Uhm Hi sorry I needed a pts
9. Audit sampling is used to obtain evidence about each of the following except __________.
Answer:
except the efficiency of control procedures.
10. The best way to normally gain audit evidence concerning proper segregation of duties is through:
Answer:
direct personal observation of the employee who applies control procedures.Explanation:
Answer:
documenting the auditor's understanding of internal controls. C) designing the audit manual and procedures. Audit evidence concerning proper segregation of duties normally is best obtained by: A) direct personal observation of the employee who applies control procedures.
Explanation:
Base on my research;)
11. The accountant in the accounting department asked for some documents from the admission and registration department for their audit. What form of communication is being illustrated?
Answer:
Interdepartmental communication
Explanation:
This is an example of interdepartmental communication. Interdepartmental communication is an important form of communication that allows members of different departments to collaborate and work together on projects. In this example, the accountant needs documents from the admission and registration department in order to complete the audit, so they must communicate in order to ensure the documents are provided.
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12. Which of the following methods is considered the best combination in obtaining audit evidence assuming documentary evidence is available to the auditor?
Answer:
Audit inquiry is sometimes used by the auditor to obtain the audit evidence and sometimes is used to obtain an understanding of some nature of business or accounting transactions in order to gain enough knowledge to design and perform testing.
Step-by-step explanation:
HOPE IT HELPS❤❤13. The principal reason for an independent auditor to gather and evaluate audit evidence is to
Answer:
The major reason an independent auditor gathers audit evidence is to answer: form an opinion on the financial statements. ... Answer: Audit procedures that are effective for detecting unintentional misstatements may be ineffective for an intentional misstatement that is concealed through collusion.
14. An auditor analyzes repairs and maintenance accounts primarily to obtain evidence in support of the audit assertion that all
Answer:
The analysis is the supported in the assertion community
Explanation:
I hope it's help
15. Which of the following types of audit evidence is the least persuasive?
Answer:
Although the bank statements are in the possessionof the client, they originated outside of the client and, relative to the other responses, they are the most persuasive.
16. Which of the following statements about audit evidence is correct?
Answer:
Answer:
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17. 15. It is very important material that provides official information or evidence that serves as a record for audit. a. Authorization b.Purchase C.Documentation d. Refund
Answer:
It is very important material that provides official
letter C
Explanation:
hope to help
18. Which of the following audit procedures provides the best evidence about the collectibility of notes receivable?
Primary substantive procedure for test of collectibility is Receivables' Confirmation. Testing that 'impairment is according to the accounting policy' works too.
19. Which of the following presumptions is correct about the reliability of audit evidence?
Answer:
everything else was
Explanation:
thanks
20. The audit could find no clear evidence of but the supervisor still suspected
Answer:
B. Malfeasance ... Fraudulent
Explanation:
Malfeasance = wrongdoing, especially by a public official.
Fraudulent = obtained, done by, or involving deception, especially criminal deception.
21. The strongest criticism of the reliability of audit evidence that the auditor physically observes is that
Answer:
Thanks
Explanation:
Thank you for points
22. Which of the following procedures will provide appropriate audit evidence in respect of the completeness of fixed assets?
Answer:
nasaan diyan yong following na pictures
Explanation:
23. 10. It is a designed to help automotive companies with the management of their criticaldocuments from creation to the approval, publishing to archiving, and deleting itpermanently from the system.a. Document managementc. Audit managementb. Change managementd. Training management
Answer:
D.training management
24. when does desk clerk files folio related documents for night audit during?
Answer:
Desk clerk inquires about additional reservations. Desk clerk files folio and related documents for the night audit. Desk clerk communicates guest departure to housekeeping and other departments in the hotel if necessary.
25. Which of the following statements is not true regarding the competence of audit evidence?
Answer:
what are the followings po???
1000000000000000000000000000%26. What type of evidence is obtained when the auditor calculates information for the audit from other data?
Answer:
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27. Fraud involves actions of management but excludes the actions of employees or third parties an audit rarely involves the authentication of documentation; thus, fraud
Answer:
Majorly due to lack of knowledge about individuals, and their intentions as well as genuineness, it is often difficult to trust people came through internet than in person.
Explanation:
brainliest asap!
28. Which of the following audit procedures provides the best evidence about the collectibility or notes receivable?
Answer:
Yes puro 13pts ulit
Thank you and sorry
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29. How would this situation affect the evidence you should accumulate in auditing fixed assets as compared with another audit in which the controls are excellent?
Answer:
A 10-year-old child with hemophilia a has slipped on the ice and bumped his knee. the nurse should prepare to administer which prescription
30. Which of the following types of audit evidence is the most persuasive?
Answer:
Although the bank statements are in the possession of the client, they originated outside of the client and, relative to the other responses, they are the most persuasive.#CARRYONLEARNING
