Inspection of Assets Is Not a Sufficient Form of Evidence

question 18

Multiple Choice

Inspection of assets is not a sufficient form of evidence when the auditor wants to determine the

• A)existence of the asset.
• B)quantity and description of the asset.
• C)condition or quality of the asset.
• D)ownership of the asset.

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Definitions:

Résumés

Written compilations of a person's education, work experience, credentials, and accomplishments, typically used for job applications.

Job Description

A list of the tasks, duties, and responsibilities (TDRs) that a particular job entails.

Controlled

This term broadly refers to something that is governed or regulated by rules, standards, or mechanisms to ensure proper functioning or compliance.

Content Validity

Relates to the extent to which a test measures all aspects of the concept it intends to measure.