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Physical examination is the inspection or count by

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9.Physical examination is the inspection or count by the auditor of assets such asA.cash or inventory only.B.cash, inventory, cancelled checks, and sales documents.C.cash, inventory, securities, notes receivable, and tangible fixed assets.D.cash, inventory, cancelled checks, and tangible fixed assets.
10. Physical examination of tangible assets is not sufficient form of evidence when theauditor wants to determine the
11. Evidence obtained directly by the auditor is more reliable than information obtainedindirectly. Which of the following is not an example of the auditor’s direct knowledge?
Southland College – School of Business and AccountancySecond Semester SY 2021-2022Advanced AuditingC.ComputationD.Inquiry12. Which of the following audit procedures is used extensively throughout the audit butdoes not, by itself, provide sufficient appropriate evidence?
13. Complete the statement: “The evidence gathering technique of observationA.is useful in most parts of the audit.”B.is rarely sufficient by itself.”C.is limited to what the auditor sees.”D.requires the gathering of corroborative evidence.”
14. Which one of the following types of procedures will aid the auditor in obtainingevidence regarding the mathematical accuracy of accounting records and otherinformation?
15. Traditionally, confirmations are used to verify
16. The appropriateness ofevidence available to an auditor is least likely to be affectedby:

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Term
Spring
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Financial audit

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