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18) Which of the following statements is not a correct statement regarding audit evidence?
19) Evidence is usually more persuasive for balance sheet accounts when it is obtained: 20) Which of the following statements is true? 21) Which of the following statements relating to the competence of evidential matter is always true? A) Evidence from outside an enterprise is always reliable. B) Accounting data developed under satisfactory conditions of internal control is not reliable. C) Oral representations made by management are not reliable evidence. D) Evidence must be both reliable and relevant to be considered appropriate. 1) Calculating the gross margin for the current year under audit as a percent of sales and comparing it with previous years is what type of evidence? 2) When the auditor develops supporting evidence for amounts posted to account balances with documentary evidence, that process is called: 3) An example of an external document that provides reliable information for the auditor is: