Match Five of the Terms (A-H)with the Definitions Provided Below

question 70

Short Answer

Match five of the terms (a-h)with the definitions provided below (1-5):
a.Audit documentation
b.Audit procedures
c.Audit objectives
d.Analytical procedures
e.Budgets
f.Reliability of evidence
g.Sufficiency of evidence
h.Persuasiveness of evidence
________ 1.Use of comparisons and relationships to assess the reasonableness of account balances.
________ 2.Detailed instructions for the collection of a type of audit evidence.
________ 3.The degree to which evidence can be considered believable or trustworthy.
________ 4.Contains all the information that the auditor considers necessary to conduct an adequate audit and to provide support for the audit report.
________ 5.This is determined by the amount of evidence obtained.

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Definitions:

Cash Budget

A financial plan that estimates cash inflows and outflows over a specific period, helping businesses manage their liquidity.

Budgeted Disbursements

Planned financial outflows or payments calculated in advance as part of a budgeting process, often categorized and scheduled over a specific period.

Desired Balance

The target or goal for the balance of an account or budget at a specific point in time.

Budgeted Receipts

Expected cash or revenue amounts a business plans to receive over a certain period according to its budget.