Which of the Following Would Not Be Considered Audit Evidence

question 59

Multiple Choice

Which of the following would not be considered audit evidence?

• A) Invoices received by the company and retained on the company's IT system in electronic form.
• B) The electronic work paper program package used by the auditor to produce the electronic work papers.
• C) Hard copy minutes of the Board of Directors and Audit Committee meetings.
• D) Electronic images of the front and back of checks that the company has written.

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Definitions:

Variable Cost

Costs that change in proportion to the activity of a business, such as materials and labor costs.

Total Cost

The complete cost of production that includes both fixed and variable costs.

Fixed Cost

Expenses that do not change in the short term, irrespective of the level of production or sales volume.

Average Total Cost

The total cost of production divided by the number of units produced, calculating the per-unit cost to produce goods or services.