Question: Write the word or phrase that best completes each statement or answers the question. Example: For each of the descriptions 1-6, match the correct word

Write the word or phrase that best completes each statement or answers the question.

Example:

For each of the descriptions 1-6, match the correct word or phrase from A-H.

A. Inspections of tangible assets

B. Confirmation

C. Tracing

D. Vouching

E. Inquiry

F. External-internal evidence

G. Audit plan

H. Substantive procedures

___

1.

Documentation prepared by independent parties and sent to the client.

___

2.

Proceeding forward through the accounting and control system from the evidence to the financial statements.

___

3.

Audit of details of transactions and balances.

___

4.

Audit procedure that provides compelling evidence of existence.

___

5.

Direct correspondence with independent parties.

___

6.

A list of audit procedures.

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