Classify each of the audit procedures below by matching the audit procedure with the type of audit
Question:
Classify each of the audit procedures below by matching the audit procedure with the type of audit evidence.
Answer Potential Matches:
: Count inventory items and record the amount in the audit files. 1: Observation
: Trace postings from the sales journal to the general ledger accounts. 2: Analytical Procedure
: Watch client employees count inventory to determine whether company procedures are being followed. 3: Reperformance
: Compare vendor names and amounts on purchase invoices with entries in the purchases journal. 4: Documentation
: Review the total of repairs and maintenance for each month to determine whether any month's total was unusually large. 5: Physical examination
Financial and Managerial Accounting the basis for business decisions
ISBN: 978-1259692406
18th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello