Ordinarily, what source of evidence should least affect audit conclusions? a. External documentary evidence. b. Inquiry of

Question:

Ordinarily, what source of evidence should least affect audit conclusions?

a. External documentary evidence.

b. Inquiry of management.

c. Documentation prepared by the audit team.

d. Inquiry of entity legal counsel.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Auditing and Assurance Services

ISBN: 978-0077862343

6th edition

Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws

See More Books

Question Posted: Oct 27, 2014 05:16 AM

See More Questions

What evidence could the verbal inquiry audit procedure provide in Printing ( Copying) Money?
What is involved in an audit by an independent external auditor?
What is meant by the phrase," Audit documentation ought to stand on its own"? What is the importance of this concept?
In seawater, the pressure p is related to the depth d according to 33p - 18d = 495 where d is in feet and p is in pounds per square inch. (a) Solve this equation for p in terms of d. (b) The Titanic...
Explain what occurs during each of the five phases of growth.
The pressure gauge on a 20.0 m3 tank of nitrogen at 25C reads 10bar. Estimate the mass of nitrogen in the tank by (a) Direct solution of the ideal gas equation of state and (b) Conversion from...
Explain how the items that arise from foreign currency transactions are translated into the functional currency on initial recognition in the accounting records.
McDormand Co. manufactures products in batches of 100 units per batch. The company uses a standard cost system and prepares budgets that call for 500 of these batches per period. Fixed overhead is...
4.Indicate, by clicking on the relevant boxes, whether the following statements are true or false in relation to business valuation. The earnings yield method and the dividend growth model should...
Straight Arrow Company manufactures golf balls. The following income statement information is relevant for Straight Arrow in 2013: Selling price per sleeve of balls...
The primary purpose for obtaining an understanding of the entitys environment (including its internal control) in a financial statement audit is a. To determine the nature, timing, and extent of...
The most reliable evidence regarding the existence of newly- acquired computer equipment is a. Inquiry of management. b. Documentation prepared externally. c. Evaluation of the clients procedures. d....
Powisett Farms Dairy began operations at the start of May 2010. Powisett Farms operates a fleet of trucks to gather whole milk from local farmers. The whole milk is then separated into two joint...
Draw what is occurring during each phase of meiosis and cytokinesis, draw the parent cell as 2n=4. Prophase Telophase II & Cytokinesis Meiosis Telophase II & Cytokinesis Metaphase Metaphase II...
ASB.com has a total market value of $ 5 2 4 million. The market value of equity if $ 3 0 0 million and the company carries debt valued at $ 2 2 4 million. The before - tax cost of debt is 9 % and the...
Knowing last weeks weather conditions will not help when trying to decide what coat to wear today" - Is an example of which characteristic of high - quality Data / information ?
The spot price of oil is $80 per barrel and the cost of storing a barrel of oil for one year is $3, payable at the end of the year. The risk-free interest rate is 5% per annum, continuously...
Assume that an investment in the S&P 5 0 0 index gives an average return of 1 1 % . The short - term US government bond provides a risk - free return of 3 . 5 % . a . If you aim to earn an expected...
Use the IVT to prove that has a root in the interval [0, 2]. f(x) = x- x + 2 cos x + 2
Perform the operation by first converting the numerator and denominator to scientific notation. Write the answer in scientific notation. 7,200,00/0.000009
The state-space representation of a system model is given as with x = { x 1 x 2 } , A = [ 0 1 2 2 3 ] , B = [ 0 3 ] , C = [ 1 1 2 ] , D = 0 , u = u x = { x 1 x 2 } , A = [ 0 1 2 2 3 ] , B = [ 0 3...
Niosoki Auto Parts sells new parts for foreign automobiles to auto dealers. Company policy requires that a prenumbered shipping document be issued for each sale. At the time of pickup or shipment,...
Dodge, CPA, is auditing the financial statements of a manufacturing company with a significant amount of trade accounts receivable. Dodge is satisfied that the accounts are correctly summarized and...
The Albring Company sells electronics equipment, and has grown rapidly in the last year by adding new customers. The audit partner has asked you to evaluate the allowance for doubtful accounts at...
b. Using the inference rules show that S can be inferred if the following logical sentences are believed. 1. P 2. ZvH 3. Hv-P 5. H K 6. K (Sv-P) 7. (Z^-H)K 4. Sv(K) 8. (KA-Q) S Give your answer in...
1) Write a "C" program, which finds only a path (not all the paths) between two given cities according to the directed graph below. This program also calculates the distance between given these two...
How does MariaDB leverage optimizer enhancements such as Cost-Based Optimization (CBO), Index Condition Pushdown (ICP), and Histogram-Based Statistics to improve query execution efficiency and plan...

Ordinarily, what source of evidence should least affect audit conclusions? a. External documentary evidence. b. Inquiry of

Question:

Step by Step Answer:

a Incorrect External evidence is considered to be mo...View the full answer

Auditing and Assurance Services

Students also viewed these Auditing questions