For Each of the Following Audit Procedures,state and Describe the Type

question 84

Essay

For each of the following audit procedures,state and describe the type of audit evidence,state the audit assertion that it applies to,and describe the reliability of the evidence (with reasons).
A)Watch staff scan products and enter cash received.
B)Reconcile daily cash drawer receipts (cash,debit card sales,credit card sales)with daily sales for one week.
C)Calculate daily gross profit and gross profit by product line.
D)Account for a sequence of sales documents.

• A)Watch staff scan products and enter cash received.
• B)Reconcile daily cash drawer receipts (cash,debit card sales,credit card sales)with daily sales for one week.
• C)Calculate daily gross profit and gross profit by product line.
• D)Account for a sequence of sales documents.

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Definitions:

Self-efficacy

An individual's belief in their own ability to succeed in specific situations or accomplish a task.

High Self-efficacy

A person's belief in their own ability to succeed in specific situations or accomplish a task.

Low Self-efficacy

A belief in one's inability to perform tasks and achieve goals, often leading to lower motivation and performance in various endeavors.

Personality Affects Behavior

The concept that an individual's personality traits influence their actions, reactions, and interactions with others and their environment.