Question: An auditor verifies amounts recorded in their client's records using A. electronic evidence. B. verbal evidence. C. confirmations. D. all of the above Irvin Schatz,

An auditor verifies amounts recorded in their client's records using

A.

electronic evidence.

B.

verbal evidence.

C.

confirmations.

D.

all of the above

Irvin Schatz, CPA had his client Brown Boveri, send out a legal letter to their lawyers. The legal letter would have contained requests for

A.

none of the above

B.

both the lawyers opinion on the clients legal matters and legal matters that the lawyer is in disagreement with the client.

C.

the lawyers opinion on the clients legal matters.

D.

legal matters that the lawyer is in disagreement with the client.

When testing for accuracy, an auditor searches for evidence

A.

that all disclosures that should have been included in the financial statements have been included.

B.

to verify that a recorded transaction or event took place and relates to the entity.

C.

to verify that recorded assets are owned by the entity.

D.

that transactions and events have been recorded at appropriate amounts.

Which of the following provides the least reliable audit evidence?

A.

internally generated audit evidence

B.

externally generated documentary evidence held by the client

C.

original documents

D.

externally generated evidence held by the auditor

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