Define evidence. How is Audit evidence unique?
Question:
Define evidence. How is Audit evidence unique?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (10 reviews)
Evidence is anything that can make a person believe that a fact proposition or assertion is true or ...View the full answer
Answered By
Collins Omondi
I have been an academic and content writer for at least 6 years, working on different academic fields including accounting, political science, technology, law, and nursing in addition to those earlier listed under my education background.
I have a Bachelor’s degree in Commerce (Accounting option), and vast knowledge in various academic fields Finance, Economics, Marketing, Management, Social Science, Women and Gender, Business law, and Statistics among others.
4.80+
4+ Reviews
16+ Question Solved
Related Book For
Principles of Auditing An Introduction to International Standards on Auditing
ISBN: 978-0273768173
3rd edition
Authors: Rick Hayes, Philip Wallage, Hans Gortemaker
Question Posted:
Students also viewed these Business questions
-
Define audit evidence.
-
Appropriateness of audit evidence considers what two evidence characteristics? Define these characteristics and identify factors that affect these characteristics.
-
Sufficient appropriate audit evidence. The auditor finds it necessary to rely on audit evidence that is persuasive rather than conclusive and will often seek audit evidence from different sources or...
-
State Einstein's postulates of the special theory of relativity. ii. Write down Einstein's mass-energy equivalence formula. iii. In the case of two inertial frames of reference, S' moving at a...
-
For 2014 and 2015, compute the four ratios that measure the ability to earn profits for Fabulous Fashions, Inc., whose comparative income statement follows: Additional data follow: Requirement 1. Did...
-
A sports reporter suggests that professional baseball players must be, on average, older than professional football players, since football is a contact sport and players are more susceptible to...
-
Precision Balls Ltd produces and sells high-quality lawn bowls sets. Each set of balls is contained in a wooden carrying case, which is purchased from an outside supplier. The wooden cases are held...
-
The following information pertains to Leslies Floor Store sales on account and accounts receivable. Accounts receivable balance, January 1, 2012 ....... $ 52,500 Allowance for doubtful accounts,...
-
A disk (Idisk = 12MR2) of mass 200kg and radius 2m is rotating at rad/s. A small object of mass 40 kg then collides with and sticks to the disk at a location halfway between the center and the edge....
-
Each of the following cost items pertains to one of the following companies: Toyota (a manufacturing-sector company), Sobeys (a merchandising-sector company), and Google (a service-sector company):...
-
In what ways may an auditors respond to an ineffective control environment when planning evidence gathering procedures?
-
Define management assertions and discuss how they may be grouped?
-
In testing the water supply of a town, the volume V (in mL/L) of settleable solids over a 12-day period were as follows (readings of V < 0.15mL/L are considered acceptable): 0.11, 0.15, 0.16, 0.13,...
-
Revenue Recognition: Soul Cycle Case Based on the SoulCycle case Do you think the media coverage indicating that SoulCycle "earned $25 million in expired gift cards in 2014" fairly characterizes the...
-
Every employee at Kline Engineering received a check for $1,500 at the end of the year to thank them for their efforts in reducing overhead costs by 25%. Which type of incentive pay does this...
-
describe and discuss this factor in relation to Environmental law. Litigation Decisions and Results(costs, delays, outcomes) ?
-
What is the required disclosure for impairment loss reversals for both IFRS and ASPE companies?
-
What is not a potential problem with external audit? explain.
-
Does a simple generator produce a steady direct current? Explain.
-
A simple random sample of 220 university students were asked what pasta they usually order and with which sauce. The preferences of these respondents are summarised below: Sauce Bolognese Pasta...
-
Your firm has been engaged to audit a private company that uses a tax basis of accounting to prepare the financial statements rather than using generally accepted accounting principles ( GAAP ). You...
-
What is the significance of the date on the auditors report on the financial statements?
-
In a public company audit, the audit report is addressed to the: a. Audit committee. b. The CEO and CFO. c. The SEC. d. The board of directors and shareholders.
-
Pretend you need to conduct a title search. You have the information needed from your online search, but you need to go to the clerk's office to finish your search. What information/records will/can...
-
Watch the Tedx Talk (Melvin Russell: I love being a police officer, but we need reform) by Lt. Colonel Melvin Russel from the Baltimore Police. In his talk, he discusses how law enforcement is in...
-
Solve for X. Assume X is a 2 x 2 matrix. Do not use decimal numbers in your answer. If there are fractions, leave them unevaluated. X = # 6 X+ 7 = 7 8 X. [24]*+41-41 -5
Study smarter with the SolutionInn App