There Are Seven Methods of Obtaining Audit Evidence: Physical Examination

question 67

Essay

There are seven methods of obtaining audit evidence: physical examination, confirmation, documentation, observation, inquiries of the client, re-performance, and analytical procedures.For each of the following types of audit tests, indicate the type(s)of evidence-gathering procedures that can be used during the test: (1)tests of controls, (2)substantive tests of transactions, (3)analytical procedures and (4)tests of details of balances.

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Definitions:

Preconventional

A stage in Kohlberg's theory of moral development where an individual's moral reasoning is based primarily on consequences of actions and external rewards or punishments.

Own Interests

Personal advantages or benefits that drive individual actions, choices, or motivations.

Ethical Development

The process of learning and applying concepts of right and wrong behavior, influenced by personal, societal, and situational factors.