Refer to Exhibit and describe the differences between vouching and tracing.
Answer to relevant QuestionsDiscuss the relative reliability of internal and external documentation. Give two examples of each type of documentation.What are the basic assumptions that must hold for an auditor to justifiably use analytical procedures as a substantive audit procedure?An auditor typically selects samples when testing controls. What are some factors that that affect the sample sizes used when testing controls?What are the purposes of an audit program? Review Exhibit and identify the major items that should be included in an audit program.Refer to the Appendix to Chapter and identify the PCAOB AS that addresses the topic of audit evidence. Obtain a copy of that AS and answer the following questions.a. What are the three alternative means of selecting items ...
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