Identify and Define the Seven Categories of Audit Evidence

question 70

Essay

Identify and define the seven categories of audit evidence.Which two types of evidence are the most expensive? Which three types of evidence are the least expensive? Which type of evidence would be most persuasive when testing the existence objective for long-term assets?

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Definitions:

Title VII

A section of the Civil Rights Act of 1964 that prohibits employment discrimination based on race, color, religion, sex, or national origin.

Civil Rights Act of 1964

Landmark federal legislation in the United States that outlawed discrimination based on race, color, religion, sex, or national origin, particularly in voter registration, schools, and public accommodations.

Discrimination

The unjust or prejudicial treatment of different categories of people or things, especially on the grounds of race, age, sex, or disability.

LMRA

The Labor Management Relations Act of 1947, also known as the Taft-Hartley Act, a statute that protects unions' rights in the United States while imposing certain restrictions on their activities.