Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
AUDIT EVIDENCE 1. Of the following, which is the least persuasive type of audit evidence? a) Bank statements obtained from the client b) Documents obtained by auditor from third parties directly. c) Carbon copies of sales invoices inspected by the auditor d) Computations made by the auditor 2. Which of the following statements is, generally, correct about the reliability of audit evidence? a) To be reliable, evidence should conclusive rather than persuasive b) Effective internal control system provides reliable audit evidence c) Evidence obtained from outside sources routed through the client d) All are correct. 3. In an audit of financial statements, substantive tests are audit procedures that __ a) may be eliminated for an account balance under certain conditions b) are designed to discover significant subsequent events c) will increase proportionately when the auditor decreases the assessed level of control risk d) may be test of transactions, test of balance and analytical procedures 4. The nature, timing and extent of substantive procedures is related to assessed level of control risk a) randomly b) disproportionately c) directly d) inversely 5. Which of the following factors is most important in determining the appropriations of audit evidence? a) The reliability of audit evidence and its relevance in meeting the audit objective b) The objectivity and integrity of the auditor c) The quantity of audit evidence d) The independence of the source of evidence 6. When is evidential matter, generally, considered sufficient? a) When it constitutes entire population b) When it is enough to provide a basis for giving reasonable assurance regarding truthfulness c) When it is objective and relevant d) When auditor collects and evaluates it independently 7. Which of the following is not a corroborative evidence? a) Minutes of meetings b) Confirmations from debtors c) Information gathered by auditor through observation d) Worksheet supporting consolidated financial statements 8. Which of the following statements is not true with respect to management representations obtained as per AAS11? a) Authenticated copy of relevant minutes of meetings may be regarded as management representation b) It should always be in working c) It may be dated prior to the report date d) It should be addressed to the auditor 9. What would most appropriately describe the risk of incorrect rejection in terms of substantive testing? a) The auditor concludes balance is materially correct when in actual fact it is not b) The auditor concludes that the balance is materially misstated when in actual fact it not c) The auditor has rejected an item for sample which was material d) None of the above 10.Which of the following affects audit effectiveness? a) Risk of over reliance b) Risk of incorrect rejection c) Risk of incorrect acceptance d) Both (a) and (c) 11.What would most effectively describe the risk of incorrect acceptance in terms of substantive audit testing? a) The auditor has ascertained that the balance is materially correct when in actual fact it is not b) The auditor concludes the balance is materially misstated when in actual fact is not c) The auditor has rejected an item from sample which was not supported by documentary evidence d) He applies random sampling on data which is inaccurate and inconsistent
According to the AIDA model, to create attention for this more convenient and less expensive way to mail packages through UPS, its marketing department should have relied on which element of the promotional mix?
Co-workers complain which the Muslims enunciation of their prayers is disrupting their co-workers' ability to converse during lunch. Elucidate how would you advise Prestige to proceed.
history of crisis managementwrite an essay on the history of crisis management present status and future outlook. need
Develop a decision support model using Visual DSS using the variables described above. Include comments within your Visual DSS model to explain the variables and your calculations.
salaried versus waged1. please list a few examples of how laws affect the wages that employees are paid. it would help
Explain how you would invest the money you would save each year. Estimate how different your financial situation would look if you continued saving and investing over a 10-year period.
Elucidate what information should be contained in each of the five sections. Then, write a job description of your choice; be sure to comprise all necessary sections in your job description
Describe the pros and cons of a dual job strategy at the early stages of the venture
Explain from which types of discrimination EEO laws protect employees. Give an example showing a company that is or has displayed discriminatory practices.
addresses a training needs assessment.explain what is a training needs assessment and what are the steps for completing
If you are a Millenial, how do you feel about entering a culture that may be "different" from the culture of your generation?
Evaluation and Control: How do you evaluate the performance of your implemented strategyies and Analysis of Strategic Factors. Since you are aware that your analysis of strategic factors or SFAS.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd