Physical examination is usually more costly than observation. True False Analytical procedures are usually the most costly type of evidence. True False Physical examination is normally more reliable than observation. True False Inquiries of the client are rarely sufficient by themselves to provide competent evidence to satisfy an audit objective. True False A canceled check written by the client, made payable to a local vendor, and drawn on the client’s bank account is one type of internal document. True False
Physical examination is usually more costly than observation. True False Analytical procedures are usually the most costly type of evidence. True False Physical examination is normally more reliable than observation. True False Inquiries of the client are rarely sufficient by themselves to provide competent evidence to satisfy an audit objective. True False A canceled check written by the client, made payable to a local vendor, and drawn on the client’s bank account is one type of internal document. True False
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter6: Audit Evidence
Section: Chapter Questions
Problem 3CYBK
Related questions
Question
- Physical examination is usually more costly than observation.
- True
- False
- Analytical procedures are usually the most costly type of evidence.
- True
- False
- Physical examination is normally more reliable than observation.
- True
- False
- Inquiries of the client are rarely sufficient by themselves to provide competent evidence to satisfy an audit objective.
- True
- False
- A canceled check written by the client, made payable to a local vendor, and drawn on the client’s bank account is one type of internal document.
- True
- False
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