What is sufficiency and appropriateness of audit evidence? List out few sources of audit evidences.
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What is sufficiency and appropriateness of audit evidence? List out few sources of audit evidences.
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- Which of the following characteristics is not considered essential to audit evidence? a. Availability of evidence b. Reliability of evidence c. Sufficiency of evidence d. Relevance of evidenceWhich of the following is not a technique of collecting audit evidence? a. Analytical procedures. b. Observation and inspection. c. Collecting primary data d. Inquiries from third parties.What is the primary constraint on audit evidence?
- Explain what is meant by the term acceptable audit risk. Whatis its relevance to evidence accumulation?What is information risk when it pertains to auditing?Which of the following is not a function or benefit of a checklist? Providing evidence of audit planning Reducing workload for the auditee Reducing risk of auditor bias Maintaining the audit pace and continuity
- If an analytical procedure confirms audit findings from other procedures, it provides persuasive evidence. O corroborative evidence. O key item evidence. O minimal evidence.What is Sufficient Appropriate Audit Evidence?Why should receiving reports be prenumbered in the first place? With the help of the receiving reports, what assertions would an auditor test, and how would the auditor go about doing so?