When the auditor examines the clients documents and

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58. When the auditor examines the client’s documents and records to substantiate the information on the financial on the statements, it is commonly referred to as a. inquiry b. confirmation c. vouching d. physical examination
59. Audit evidence can come in different forms with different degrees of persuasiveness. Which of the following is the least persuasive type of evidence?
60. The following statements were made in a discussion of audit evidence between two CPAs. Which statement is not valid concerning evidence?
61. Evidential matter supporting the financial statements consists of the underlying accounting data and all corroborating information available to the auditor. Which of the following is an example of corroborating information?
62. Which of the following is not a potential effect of an auditor’s decision that a lower acceptable audit risk is appropriate? a. More evidence is required b. Less evidence is required c. Special care is required in assigning experienced staff. d. Review of the working papers by personnel who were not assigned to the engagement.
63. A measure of the audit’s assessment of the likelihood that there are material misstatement in a segment before considering the effectiveness of the internal control structure is
64. A knowledge of the business is a frame of reference within which the auditor exercise professional judgment. This assist the auditor in carrying out the following objectives, except:

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