1 What does sufficient relate to in the context of audit evidence A The relevance of the evidence B The quantity of evidence C The reliability of the evidence D The validity of the evidence 2 Which of the following is NOT a type of audit procedure A Observation B Documentation C Confirmation D Hypothesis testing 3 What is the purpose of substantive tests in an audit A To evaluate the effectiveness of internal controls B To detect monetary misstatements C To observe client s accounting procedures D To compare current disclosures with prior periods 4 Which assertion states that all recorded transactions occurred A Completeness B Existence or Occurrence C Rights and Obligations D Valuation or Allocation 5 What is the primary purpose of audit documentation A To facilitate planning, performance, and supervision of the audit B To provide evidence about monetary misstatements C To compare financial information with nonfinancial data D To observe the client s accounting procedures

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Question: 1 . What does sufficient relate to in the context of audit evidence? A . The relevance of the evidence B . The quantity of

1 .

What does

sufficient

relate to in the context of audit evidence?

.

The relevance of the evidence

.

The quantity of evidence

.

The reliability of the evidence

.

The validity of the evidence

2 .

Which of the following is NOT a type of audit procedure?

.

Observation

.

Documentation

.

Confirmation

.

Hypothesis testing

3 .

What is the purpose of substantive tests in an audit?

.

To evaluate the effectiveness of internal controls

.

To detect monetary misstatements

.

To observe client

s accounting procedures

.

To compare current disclosures with prior periods

4 .

Which assertion states that all recorded transactions occurred?

.

Completeness

.

Existence or Occurrence

.

Rights and Obligations

.

Valuation or Allocation

5 .

What is the primary purpose of audit documentation?

.

To facilitate planning, performance, and supervision of the audit

.

To provide evidence about monetary misstatements

.

To compare financial information with nonfinancial data

.

To observe the client

s accounting procedures

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