Audit Evidence

Audit Evidence

University

20 Qs

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Audit Evidence

Audit Evidence

Assessment

Quiz

Business

University

Practice Problem

Hard

Created by

Hozefa Sehorewala

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Appropriateness of evidence is a measure of the

sufficiency of evidence.

quantity of evidence.

quality of evidence.

meaning of evidence.

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following statements regarding the relevance of evidence is correct?

To be relevant, evidence must relate to multiple audit objectives.

To be relevant, evidence must be derived from a system including effective internal controls.

To be relevant, evidence must be persuasive.

To be relevant, evidence must pertain to the audit objective of the evidence.

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The two characteristics of the appropriateness of evidence are

relevance and timeliness.

relevance and accuracy.

relevance and reliability.

reliability and accuracy.

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is NOT an assertion?

Classification

Confidentiality

Completeness

Cut-off

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Amounts and other data relating to the recorded transactions have been recorded appropriately.


Select the assertion that is being explained.

Allocation

Accuracy

Occurrence

Existence

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Comparing total gross salary against the number of employees and comparing fluctuation of sales and expenses are example of _______________________.

Enquiry

Inscpection of documents

Analytical procedures

Re-performance

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Inspection of motor vehicles that are recorded by the audit client in the general ledger provides reliable audit evidence on the ____________________ of the motor vehicles

completeness

existence

occurrence

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