Audit Evidence

Appropriateness of evidence is a measure of the

• sufficiency of evidence.

• quantity of evidence.

• quality of evidence.

• meaning of evidence.

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.

The two characteristics of the appropriateness of evidence are

• relevance and timeliness.

• relevance and accuracy.

• relevance and reliability.

• reliability and accuracy.

Which of the following is NOT an assertion?

• Classification

• Confidentiality

• Completeness

• Cut-off

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

Select the assertion that is being explained.

• Allocation

• Accuracy

• Occurrence

• Existence

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

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

Tracing from the original source documents of a transaction to the accounting records provides a reliable audit evidence on the __________________ of the transaction.

• completeness

• occurrence

• cut-off

Transactions have been recorded in the correct financial year.

Which assertion is being explained?

• Year-end

• Cut-Off

• Classification

• Valuation

___________________ consists of looking at a process or procedure being performed

by others.

• Re-performance

• Recalculation

• Observation