Audit Evidence Can Come in Different Forms with Different Degrees

question 20

Multiple Choice

Audit evidence can come in different forms with different degrees of persuasiveness.Which of the following is the least persuasive type of evidence?

• A)Documents mailed by outsiders to the auditor.
• B)Correspondence between the auditor and suppliers.
• C)Sales invoices inspected by the auditor.
• D)Calculations made by the auditor.

Understand the process of closing the books at the end of an accounting period, including owner withdrawals and capital adjustments.

Recognize the categorization and reporting of various financial statement elements in the work sheet and their effect on the balance sheet and income statement.

Identify the function and impact of adjusting and closing entries on the financial statements.

Distinguish between temporary and permanent accounts and their roles in the accounting cycle.

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Definitions:

Email Submission

Email submission refers to the process of sending documents, applications, or other types of responses through electronic mail as part of formal procedures or communication.

Business Letter

A formal document used in professional contexts to communicate with clients, partners, or within an organization.

Résumés

A structured document used by individuals to present their background, skills, and accomplishments for employment purposes.

Electronic Media

Platforms or channels used for communication that operate electronically, such as radio, television, and the internet.