Which of the following statements is correct about the reliability of audit evidence? a. Sufficiency of evidence refers only to the quality of evidence obtained. b. Evidence obtained from one source only is more reliable than evidence obtained from multiple sources. c. Effective controls over financial reporting provides more assurance on the reliability of internally generated documents. d. Information obtained orally is the most reliable evidence.

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Q: Audit evidence can come in different forms with different degrees of reliability. Which of the…

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Q: Which of the following best describes how the detailed audit plan of a financial statementauditor…

A:

Q: i) Which of the following statements correctly explains the responsibility of the external auditor?…

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Q: Written representations are considered audit evidences.

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Q: Which of the following statements is incorrect regarding the reliability of audit evidence? a.…

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Q: Which of the following characteristics is not considered essential to good audit evidence? a.…

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Q: Which of the following is NOT an example of externally generated evidence sent directly to the…

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A:

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Q: Generally, audit evidence cannot be obtained entirely through substantive procedures   True or…

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Q: Generally, which of the following audit procedures is the least expensive to perform?   A.…

A: Answer -  Correct Option is Option A - Analytical procedures.

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Q: ment of materiality guides audit planning and testing   materiality is used to guide the validity…

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Q: Consider the concepts of sufficient and appropriate audit evidence. Assess how audit risk relates to…

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A:

Q: Which of the following statements is true? Select one: a. If evidence is subjective, it cannot be…

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Q: Which of the following characteristics is not a measure of the appropriateness of audit evidence?…

A: Relevance and reliability are the two most important characteristics of audit evidence.

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Q: Which of the following aspects of an audit examination is not related to the performance principle?…

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A:

Q: Which of the following presumption is correct about the reliability of audit evidence

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Q: Which of the following is least likely to be considered an appropriate response relating to risks…

A: assessing risks at financial statements level - - evaluation of period-end financial statements…

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

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Q: inappropriate during the risk assessment procedure of the audit engagement?

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Q: Which of the following statements regarding audit evidence is generally correct?    The auditor's…

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Q: Which of the following recognizes that an audit conducted under generally accepted auditing…

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Q: statements about audit evidence is correct

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Q: Please discuss the audit process focusing on the concept of materiality in the audit plan,…

A: The audit process means the process of audit engagement performed by the audit firm or…

Q: Generally, which of the following audit procedures is the least expensive to perform?   A.…

A: Analytical procedures are the least expensive audit procedures to perform. Test of controls are…

Q: Which of the following presumptions does NOT relate to the reliability of evidence?

A: Answer:   Option B

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