The following are procedures to obtain audit evidence except: a. Physical examination. b. Organization. c. Confirmation. d. Analytical procedures.

Q: Define materiality as it is used in audit reporting. What conditions will affect the auditor’s…

A: IAS 320 Materiality in planning and performing an audit, describes the omission or misstatement that…

Q: Determine which of the following is most correct statement regarding the reliability of audit…

A: Auditing refers to the process of physically inspecting all the financial records of an entity or an…

Q: The auditing standards regarding subsequently discovered facts refers to knowledge obtained aftera.…

A: Answer:   Option B

Q: Which of the following statements is/are true with regard to Audit?   (A) Auditing is as old as…

A: An audit is an independent examination of financial information of an entity whether profit-oriented…

Q: Which refers to the record of audit procedures performed, relevant audit evidence obtained, and…

A: Audit documentation can be termed as keeping various records and procedures which was performed by…

Q: The general standards in the generally accepted auditing standards include all of the following…

A: Audit in general term to check whether the financial health of the company is shown correct or not.…

Q: The scope of an audit includes: a. Reliable Information b. Legal Requirements c. Entity Aspects d.…

A: The detailed examination of accounting statements of any entity by an independent auditor  is…

Q: clarify the relationship between audit risk and materiality determining the right degree of audit…

A: Auditing is defined as the systematic study of financial information and verification of the…

Q: What is the relationship between the audit procedure and audit evidence used in the auditor's work…

A: Audit working papers contains the findings of the auditor which have been obtained in the course of…

Q: What are the different types of analytical procedures? Describe how they may be utilized in an audit…

A: Analytical methods : Analytical processes are the techniques used by auditors to analyze the…

Q: Name the record in which the auditor records the audit procedures performed, the relevant audit…

A: Auditing means checking the accuracy and reliability of financial statements. In the process of…

Q: 11 - Which of the following statements is not among the characteristics of the audit function ? A)…

A: Introduction Auditing is a process which have been done by an external independent expert after the…

Q: All of the following are included in the scope of audit except а. Evaluation b. Computation C.…

A: Audit: It can be defined as a detailed examination and inspection of the company’s financial…

Q: In determining whether transactions were really exist, the direction of the audit testing should be…

A: In determining whether transactions were really exist, the direction of the audit testing should be…

Q: What are auditors’ responsibilities for subsequently discovered facts if these are identified…

A: Subsequently Discovered Facts: These are the facts that become available or known to the auditor…

Q: Audit testing relates to the completeness and occurrence assertions. Discuss the testing activities…

A: Audit testing relates to the completeness and occurrence assertions where as vouching is used for…

Q: b) Discuss TWO (2) audit procedures to ensure sufficiency of audit evidence

A: There are various audit procedures that are used to ensure the sufficiency of audit evidence. These…

Q: In determining whether transactions have been recorded, the direction of the audit testing should be…

A: An audit is a process of examining the books of accounts by the auditor so as to know whether the…

Q: audit objectives is usually more important

A: Audit of existence is the process of ensuring whether the accounts payable balance in the ledger…

Q: When the auditor uses supporting evidence for amounts posted to account balances with documentary…

A: The term "audit" refers to the process of determining the information's trustworthiness and…

Q: Reading BOD minutes of meeting by the internal auditors is an example of an audit procedures called:…

A: An auditor is a person appointed to check the accuracy of the financial statements of the company.

Q: In auditing receivables, what are the audit objectives and how would you be performed to arrive at…

A: Auditing implies an exhaustive and formal review of your records. Auditors give extraordinary…

Q: The auditor's assessment of the reliability and sufficiency of the information contained in the…

A: Audit test - The auditing Assess the reliability and sufficiency of the information contained in the…

Q: What are auditors' obligations for later found facts uncovered (a) before to the audit report's…

A: Facts Discovered Subsequently: These are facts that become accessible or become known to the auditor…

Q: Which of the following audit procedures will apply to obtain the reliable audit evidence relating to…

A: Auditing is the process of inspecting various books of accounting.

Q: he auditor has a responsibility to plan and perform the audit so as to obtain a _________ about…

A: An audit is conducted with the objective that the financial statement that they audit provide a true…

Q: The main object of an audit is a. Expression of expert opinion b. Detection and Prevention of fraud…

A: THE MAIN OBJECTIVE OF AN AUDITOR IS TO  EXAMINES THE BOOKS OF ACCOUNTS OF A COMPANY THROUGH WHICH…

Q: state whether each of the following terms is correct or incorrect and correct the false one:…

A: An audit is a thorough scrutiny of the books of accounts and related documents of an entity.

Q: Which TWO of the following statements regarding the use of analytical procedures of the audit are…

A: Audit procedure is different types of steps that are followed by an auditor while conducting the…

Q: When auditing the accounts receivable account on the balance sheet, an auditor’s procedures most…

A: Accounts receivables include those consumers or firms which have not paid the amount to the…

Q: Distinguish between internal documentation and external documentation as types of audit evidence.…

A: Internal documentation:   An internal documentation is prepared within an organization of the client…

Q: Although the quantity, type, and content of audit documentation will vary with thecircumstances,…

A: Audit can be referred to as the procedure by which an auditor assesses the reliability of the…

Q: Which of the following is ordinarily performed last in the audit examination?a. Securing a signed…

A: Definition: Audit examination: Audit examination is an organized and independent work to examine…

Q: A(n) ________ is the detailed instruction that explains the audit evidence to be obtained during the…

A: During an audit, an auditor is required to obtain reasonable assurance that is based on the evidence…

Q: Audit documentation is the written record of the basis for the auditor's conclusions that provides…

A: Audit Documentation is the record of all the Audit procedures that are performed, sufficient Audit…

Q: identify the basic types of audit reports other than the standard unqualified audit report and…

A: The basic types of audit reports other than standard unqualified audit report are as follows:…

Q: The audit report should be dated: a. Earlier than the date the audit evidence was checked b. Not…

A: Auditing means the independent checking of company operation by outsider. Auditor is a qualified and…

Q: Audit procedures are takes performed by the internal auditors and the auditee to gather the evidence…

A: The given statement has some typing errors. The correct question is: Audit procedures are specific…

Q: The most commonly used form of audit evidence is: a. Oral representation b. Written documents c.…

A: Audit evidence the supporting or all the information or sources that is used by the auditors in the…

Q: (2) ( > Which of the following audit procedures for obtaining audit evidence is correctly described?…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Which of the following is not a technique of collecting audit evidence? a. Analytical procedures. b.…

A: Audit Evidence It is the information collected by an auditor in order to make sure  the accuracy and…

Q: How the relevancy deals in the information to be used as an Audit Evidence? O a. Audit evidence in…

A: Audit is the inspections of the accounting books of the firm every year which is done by the…

Q: Ordinarily, what source of evidence should least affect audit conclusions?a. External documentary…

A:

Q: Which of the following documents would be the most reliable evidence for an audit? Group of answer…

A: Reliable evidence: It implies to the evidence that has been obtained from a reliable and independent…

Q: "Other information" is a term that has been used in the audit opinion. An explanation is needed.

A: Introduction: Auditing is the process of evaluating the financial statements of a business entity in…