Ch7 Solutions (1) - Chapter 7 - Audit Evidence Multiple...

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Chapter 7 - Audit Evidence Multiple Choice Questions From CPA Examinations 7-29 a. (2) b. (1) c. (4) d. (1) 7-30 a. (3) b. (3) c. (4) 7-32 1. (5) inquiry of client 2. (7) observation 3. (1) physical examination 4. (2) confirmation 5. (6) reperformance 6. (2) confirmation 7. (3) documentation 8. (4) analytical procedures 9. (5) inquiry of client 10. (6) reperformance 11. (7) observation 12. (1) physical examination 13. (4) analytical procedures 14. (3) documentation 15. (5) inquiry of client 16. (4) analytical procedures 17. (3) documentation 18. (6) reperformance 19. (1) physical examination 20. (2) confirmation 7-33 Examples of audit evidence the auditor can use to support each of the functions are: a. Examine invoice from vendor Direct confirmation with vendor b. Physical examination Direct confirmation with custodian c. Direct confirmation with customer Examine cash receipts journal and bank deposits for subsequent cash receipts d. Examine title for ownership of asset Examine invoice from vendor
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Ch7 Solutions (1) - Chapter 7 - Audit Evidence Multiple...

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