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Audit evidence and procedure

Authored by Mohd Fauzi Abu Bakar

Other

University

Used 4+ times

Audit evidence and procedure
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is the most reliable form of audit evidence?

Oral representation from the client

Internal memo prepared by the client

Confirmation from a third party

Copy of a sales invoice

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not a type of audit procedure test?

Inspection

Evaluation

Inquiry

Observation

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary purpose of performing audit procedures?

To detect fraud

To express an opinion on internal controls

To obtain sufficient appropriate audit evidence

To prepare financial statements

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which procedure would be most appropriate for verifying the existence of inventory?

Performing physical observation

Sending confirmations to customers

Reviewing bank reconciliations

Analyzing sales trends

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Audit evidence is said to be appropriate when it is:

Relevant and consistent

Relevant and reliable

Timely and sufficient

Sufficient and quantitative

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is considered internal audit evidence?

Bank confirmation

Minutes of board meetings

Vendor invoice

Customer confirmation letter

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When an auditor performs recalculation, what is the auditor doing?

Verifying mathematical accuracy

Recomputing controls

Re-performing internal audit tasks

Re-analyzing audit risk

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