Following Are Examples of Evidence That Could Be Collected During

question 78

Essay

Following are examples of evidence that could be collected during an audit of financial statements.
1.Duplicate copies of sales invoices
2.Inspection of new $100 000 cutting machine
3.Bank confirmation
4.Remittance advices
5.Vendors' invoices
6.Standard letter from lawyer to auditor
7.Auditor inventory count sheets
8.Shipping documents
9.Payroll cheques
10.Long-term debt agreements review notes
11.Auditor interest expense calculation worksheet
12.Observation by auditor of computer error message (invalid supplier number)
13.Gross margin calculation
14.Interview notes from interview with credit manager
Required:
Classify each type of evidence as to its reliability (1 - high,2 - moderate,3 - low).Justify your classification.

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Definitions:

CS

Stands for Conditioned Stimulus, an initially neutral stimulus that, after being associated with an unconditioned stimulus, triggers a conditioned response.

US

In the context of conditioning, this stands for the Unconditioned Stimulus, which automatically triggers a response without prior learning.

Classical Conditioning

A systematic method of pairing two stimuli repeatedly for learning; initially, the response comes from the second stimulus but ultimately comes from the first stimulus alone.

Violently Ill

Experiencing severe and intense symptoms of illness, often with rapid onset and significant discomfort or distress.