The Evidence Collection Method That Examines All Supporting Documents to Determine

question 20

Multiple Choice

The evidence collection method that examines all supporting documents to determine the validity of a transaction is called

• A)review of documentation.
• B)vouching.
• C)physical examination.
• D)analytical review.

---

Definitions:

Acquisition

The process of acquiring control of another company or business asset, which can involve a purchase, merger, or take-over.

Assets

Resources owned or controlled by a person or company, expected to produce economic value or future benefits.

Cash

Liquid assets held by a firm, used to meet short-term obligations or for transactions; the most basic form of company resources.

Cost Model

An accounting method where an asset is valued based on the historical cost minus any accumulated depreciation and impairment costs rather than its current market value.