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Sufficiency of audit evidence materiality risk of

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Sufficiency of Audit Evidence Materiality Risk of Material Misstatement Size of Population Characteristics of Population
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Sufficiency of Audit Evidence
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Competency of Evidence Relevance of Audit Evidence Reliability of Audit Evidence Professional Judgment
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Reliability of Audit Evidence
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Reliability of Documentary Evidence
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Study Break 1. Which of the following is not a transaction class audit objective? A. Existence B. Occurrence C. Accuracy D. Cutoff A. Existence
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Study Break 2. Which of the following is not an account balance audit objective? C. Classification
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Study Break 3. All of the following affect the sufficiency of audit evidence except: Population C. Relevance of Audit Evidence
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Objectives of Audit Procedures Obtain an understanding of the entity and its environment Test operating effectiveness of controls Support assertion or detect material misstatements
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Types of Audit Procedures Inspection of Documents or Records Vouching Tracing
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Types of Audit Procedures Inspection of Tangible Assets Observation Inquiry Confirmation
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Types of Audit Procedures Recalculation Reperformance Analytical Procedures Computer-Assisted Audit Techniques
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Four Decisions About Audit Procedures Staffing and Supervising the Audit Nature of Audit Procedures Timing of Audit Procedures Extent of Audit Procedures
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