Tracing is most appropriate for testing a Existence b Occurrence c Completeness d Accuracy e Cut off How can and auditor reduce their clients inherent risk a By performing audit procedures in accordance with the auditing standards b By finding all material misstatements c By collecting sufficient and appropriate evidence d None of the above Two procedures can be performed 1) you can physically count the clients inventory held by an independent party or 2) you can reach out to that independent party asking them to confirm the count Which is more reliable (if any) a The first one b The second one c There are equally reliable

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Question: Tracing is most appropriate for testing: a. Existence b. Occurrence c. Completeness d. Accuracy e. Cut-off How can and auditor reduce their clients inherent risk?

Tracing is most appropriate for testing:

Existence

Occurrence

Completeness

Accuracy

Cut-off

How can and auditor reduce their clients inherent risk?

By performing audit procedures in accordance with the auditing standards

By finding all material misstatements

By collecting sufficient and appropriate evidence

None of the above

Two procedures can be performed: 1) you can physically count the clients inventory held by an independent party or 2) you can reach out to that independent party asking them to confirm the count. Which is more reliable (if any)?

The first one

The second one

There are equally reliable

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