Which is the least persuasive type of audit evidence?
copies of sale invoice
Explanation: The copies of sale invoice which are inspected by the auditor is the least persuasive evidence or we can say it is a conclusive evidence that can be used for auditing. This means it is solid evidence for which no further proof or any inquiry is needed.
What is the most reliable audit evidence?
Audit evidence provided by original documents is more reliable than audit evidence provided by photocopies or facsimiles, or documents that have been filmed, digitised or otherwise transformed into electronic form.
Which type of evidence is most reliable and has the most value?
The variety of physical evidence is virtually unlimited, as is the uniqueness of the crime. Physical evidence is generally much more reliable than testimonial evidence.
What is the best type of audit evidence?
Examples of auditing evidence include bank accounts, management accounts, payrolls, bank statements, invoices, and receipts. Good auditing evidence should be sufficient, reliable, provided from an appropriate source, and relevant to the audit at hand.
Which is the least persuasive type of audit evidence Mcq?
Bank statements obtained from the client.
When auditing inventories an auditor would least likely verify that?
In an audit of inventories, an auditor would least likely verify the: Option (D). The client has used proper inventory pricing.
Which of the following types of evidence is most reliable?
Answer: A. Confirmation of accounts receivable balance. Confirmation of accounts receivable balance is considered to be the most reliable because it…
Which of the following generally provides the most reliable evidence?
Objective evidence is more reliable, and hence more persuasive, than subjective evidence. The two most important factors when determining the appropriate sample size in an audit are the auditor’s expectation of misstatements and the objectivity of the evidence.
Which of the following is the most reliable type of evidence used in presentations?
Of the following, the most reliable type of evidence typically is: Reperformance.
What type of audit evidence is the weakest?
One of the weakest forms of audit evidence is management inquiry. Management inquiry is when the auditor simply asks management about an accounting transaction. While this is not an appropriate audit procedure on its own, it is useful when used with other procedures.
When auditing inventories an auditor would least verify that?
What items are most likely to be detected by auditors?
(3) Copies of sales invoices inspected by the auditors. (4) Canceled checks returned in the year-end bank statement directly to the client. f. Analytical procedures are most likely to detect:
What should be included in an audit report?
(1) Confirmations mailed by outsiders to the auditors. (2) Correspondence between the auditors and suppliers. (3) Copies of sales invoices inspected by the auditors. (4) Canceled checks returned in the year-end bank statement directly to the client. f.
How to support the auditors in preparing basic financial statements?
(1) Aid the auditors by providing a list of required procedures. (2) Provide a point of reference for future audit engagements. (3) Support the underlying concepts included in the preparation of the basic financial statements. (4) Support the auditors’ opinion. i.
What is a difference of opinion about an audit matter?
A difference of opinion concerning accounting and auditing matters relative to a particular phase of the audit arises between an assistant auditor and the auditor responsible for the engagement. After appropriate consultation, the assistant auditor asks to be disassociated from the resolution of the matter. The working papers would probably: