Distinguish between the appropriateness of audit evidence and the sufficiency of audit evidence.
Question:
Distinguish between the appropriateness of audit evidence and the sufficiency of audit evidence.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (10 reviews)
Appropriateness refers to evidences relevance an...View the full answer
Answered By
Joseph Mwaura
I have been teaching college students in various subjects for 9 years now. Besides, I have been tutoring online with several tutoring companies from 2010 to date. The 9 years of experience as a tutor has enabled me to develop multiple tutoring skills and see thousands of students excel in their education and in life after school which gives me much pleasure. I have assisted students in essay writing and in doing academic research and this has helped me be well versed with the various writing styles such as APA, MLA, Chicago/ Turabian, Harvard. I am always ready to handle work at any hour and in any way as students specify. In my tutoring journey, excellence has always been my guiding standard.
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Auditing An International Approach
ISBN: 978-1259087462
7th edition
Authors: Wally J. Smieliauskas, Kathryn Bewley
Question Posted:
Students also viewed these Business questions
-
What is considered the most important content of the current audit files?
-
Which of the following is the most broad or most inclusive measurement of the money supply? a. M1 b. M2 c. M3 d. M0
-
If the cost of doing business for producers increases, which of the following occurs? a. The short-run aggregate supply curve becomes flat. b. The short-run aggregate supply curve shifts outward. c....
-
Explain in detail the role of data analytics in healthcare.
-
Let p() = (-1 )n(n - n-1n-1 -....- 1 - o) he a polynomial of degree n I (a) Show that if i, is a root of p() = 0 then i is an elgenvalue of C with eigenvector x = (in-1,, in-2...... i,1)T , (b) Use...
-
Answer the given questions about the inequality 0 < a < b. If each member of the inequality 2 > 1 is multiplied by a b, is the result 2(a b) > (a b)?
-
In a 1975 contract, Eureka was given the exclusive right to sell spring water and other products under the Ozarka trade name in 60 Oklahoma counties in exchange for \($9,000\) paid to Arrowhead,...
-
Gundy Company expects to produce 1,200,000 units of Product XX in 2014. Monthly production is expected to range from 80,000 to 120,000 units. Budgeted variable manufacturing costs per unit are direct...
-
Does the monopoly power wielded by professional sports leagues hurt the fans, players, citizens, local economies, or the sport? What solutions could be used ?
-
Grandparents want to make a gift of $100,000 for their grandchild's 20th birthday. How much would have to be invested on the day of their grandchild's birth if their investment could earn (a) 10.5%...
-
What is the relationship between assertions and the relevance of audit evidence?
-
What action is required if an auditor cannot obtain sufficient appropriate audit evidence?
-
Computation involving different cost flow assumptions. Arnold Companys raw material Purchases during January, its first month of operations, were as follows: The inventory at January 31 was 3,500...
-
Give a working definition of inventory and its purposes.
-
Which variables are a part of the maximum inventorylevel expression? a. number of pieces per order b. setup cost c. holding or carrying cost per unit per year d. all of the above
-
The minimum EOL criterion will always result in the same decision as a. the maximax criterion. b. the minimax regret criterion. c. the maximum EMV criterion. d. the equally likely criterion.
-
Data envelopment analysis (DEA) is a. an application of LP. b. a way to measure efficiency in similar operating units. c. used to assess performance of nonprofit entities. d. all of the above.
-
Probabilities for all the possible values of a discrete random variable a. may be greater than 1. b. may be negative on some occasions. c. must sum to 1. d. are represented by area underneath the...
-
A developmental psychologist tests the extent to which daily intake of fat (in grams) and amount of exercise (in minutes) can predict health (measured using a body mass index [BMI] scale in which...
-
Find the inverse, if it exists, for the matrix. -1
-
How can computing the number of days of sales in inventory indicate potential misstatement in the inventory balance?
-
Is anything questionable about the relationship between retained earnings and income for the Anycompany data shown in Exhibit? PRIOR YEAR CURRENT YEAR CHANGE COMMON SIZE ANALYSIS COMMON SIZE ANALYSIS...
-
Why dont preliminary analytical procedures provide direct evidence about financial statement misstatements? What then is their purpose in an audit?
-
A 100,000.00 mortgage has a 25-year amortization, at 3% interest compounded annually with a monthly mortgage payment. a. How much are the monthly mortgage payments? (2 points) b. After 5 years (60...
-
What is a mathematical formula to calculate Inventory as a Percentage of Total Inventory?
-
In a business setting, daily incidental expenses are managed through petty cash. According to accounting principles, where should petty cash disbursements for these expenses be recorded on a daily...
Study smarter with the SolutionInn App