Question: List six audit techniques used to gather evidence and the
List six audit techniques used to gather evidence and the types of evidence related to them.
Answer to relevant QuestionsWhat can auditors do to improve the effectiveness of confirmation requests? What sources of information are useful for performing analysis?What is meant by the terms nature, timing, and extent of audit procedures?If analysis is used to provide substantive audit evidence, what steps must be taken regarding the source information used in the analysis? Required:Identify one or more types of procedures being employed in each situation described below (vouching, tracing, recalculation, observation, and so on):1. An auditor uses audit software to select vendors’ accounts ...
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