Examlex
There are eight types of audit evidence: physical examination, confirmation, inspection, observation, inquiries of the client, reperformance, analytical procedures, and recalculation. For each of the following types of audit tests, indicate the type(s) of evidence that can be obtained through the test: (1) tests of controls, (2) substantive tests of transactions, (3) analytical procedures, and (4) tests of details of balances.
Q25: The employee in charge of authorizing credit
Q37: Using statistical sampling to assist in verifying
Q38: _ misstatements are those where the auditor
Q40: Tests of controls provide evidence about the
Q44: Acceptable risk of incorrect acceptance is directly
Q53: Without an effective _, the other components
Q55: Auditors are required to perform certain procedures
Q73: In order to promote audit efficiency the
Q82: Acceptable audit risk and acceptable risk of
Q119: The exception rate the auditor will permit