Choices "B", "C", and "D" are incorrect. Bank reconciliations, the cash receipts journal, and the cashdisbursements journal are all internal evidence, which is not as reliable as external evidence.Question CPA-02694Which of the following evidence provides the least assurance of reliability?A. Accounts receivable confirmation.B. Sales invoice.
更新请添加微信：qiaoye1999非本店出售 一律不提供更新 禁止倒卖转卖更新请添加微信：qiaoye1999非本店出售 一律不提供更新 禁止倒卖转卖C. Vendor invoice.D. Bank statement.ExplanationChoice "B" is correct. Internal evidence is less reliable than external evidence. A sales invoice is internal evidence.Choices "A", "C", and "D" are incorrect. Accounts receivable confirmations, vendor invoices, and bank statementsare all external evidence, which is more reliable than internal evidence.Question CPA-06814PCAOB standards state that the relevance of audit evidences depends on all but which of the following?A. Whether the audit procedure is designed to directly test an assertion.B. Whether the audit procedure is designed to test for an understatement or overstatement.C. The auditor's risk assessment.D. The timing of the audit procedure.ExplanationChoice "C" is correct. The auditor's risk assessment affects the nature, extent, and timing of audit procedures, butdoes not determine the relevance of audit evidence.Choice "A" is incorrect. The relevance of audit evidence depends in part on whether the audit procedure isdesigned to directly test an assertion. If the audit procedures is designed to directly test an assertion and theevidence doesn't tell us anything about that assertion, then the evidence would not be relevant.Choice "B" is incorrect. The relevance of audit evidence depends in part on whether the audit procedure isdesigned to test for an understatement or overstatement.Choice "D" is incorrect. The relevance of audit evidence depends in part on the timing of the audit procedure.Question CPA-05467After testing a client's internal control activities, an auditor discovers a number of significant deficiencies in theoperation of a client's internal controls. Under these circumstances the auditor most likely would:A. Issue a disclaimer of opinion about the internal controls as part of the auditor's report.B. Increase the assessment of control risk and increase the extent of substantive tests.C. Issue a qualified opinion of this finding as part of the auditor's report.D. Withdraw from the audit because the internal controls are ineffective.ExplanationChoice "B" is correct. The auditor uses tests of controls to evaluate control risk. In situations where there are anumber of significant deficiencies in the operation of the client's internal controls, the auditor would increase theassessment of control risk (and the risk of material misstatement) and revise substantive testing accordingly (forexample, by increasing the extent of substantive tests).
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